FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 272 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (e) Summarised financial information on subsidiaries with material non-controlling interests (continued) Set out below are the summarised financial information for each subsidiary that has non-controlling interests that are material to the Group. (continued) Summarised statement of cash flows MSM Malaysia Holdings Berhad Group Felda Palm Industries Sdn. Bhd. For the financial year ended 31 December For the financial year ended 31 December 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Cash flow from operating activities Cash flow generated from operations 365,728 5,695 126,919 170,200 Retirement benefits paid - - (528) (120) Zakat paid (2,000) (5,000) (2,123) (7,938) Income tax paid (58,652) (91,724) (7,784) (39,990) Net cash generated from/(used in) operating activities 305,076 (91,029) 116,484 122,152 Net cash (used in)/generated from investing activities (204,364) (231,786) 29,715 (135,551) Net cash generated from/(used in) financing activities 96,256 (23,282) (21,349) (159,413) Net increase/(decrease) in cash and cash equivalents 196,968 (346,097) 124,850 (172,812) Effect of foreign exchange rate changes 1,837 - - - Cash and cash equivalents at beginning of financial year 123,902 469,999 60,550 233,362 Cash and cash equivalents at end of financial year 322,707 123,902 185,400 60,550