Affin Bank Berhad | Annual Report 2020

238 ORGANISATION EXECUTIVE SUMMARY CORPORATE GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION The Group The Bank 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES (continued) Proceeds from disposal of: - property and equipment 247 379 5 238 - foreclosed properties 1,020 9,837 1,020 9,837 Purchase of property and equipment 20 (266,444) (184,023) (259,073) (176,401) Purchase of intangible assets 22 (7,903) (5,988) (3,439) (3,288) Subscription of shares in a joint venture 18 (15,300) (15,300) (15,300) (15,300) Repayment of subordinated loan from an associate - 26,528 - 26,528 Redemption/(Acquisition) of an equity interest in an associate 19 632 (3,135) - - Net cash (used in)/generated from investing activities (115,371) 3,587,407 (139,745) 3,151,539 CASH FLOWS FROM FINANCING ACTIVITIES (Repayment)/Drawdown in borrowings 32 (250,000) 550,000 - - Interest payment on borrowings 32 (198,170) (184,981) (134,225) (133,800) Payment of dividend to the equity holders of the Bank 49 (139,021) (7,127) (139,021) (7,127) Payment of dividend to non-controlling interest (28,777) (35,001) - - Issuance of new shares 33 127,528 90,020 127,528 90,020 Issue of subsidiary share capital 490 - - - Exercise of employee stock option incentive scheme - 44,774 - - Proceeds from recourse obligation on loans/financing sold to Cagamas Berhad 27 50,000 - - - Lease payments 29 (37,775) (37,261) (26,008) (26,169) Net cash (used in)/generated from financing activities (475,725) 420,424 (171,726) (77,076) Net increase/(decrease) in cash and cash equivalents 895,399 (1,778,516) (414,724) (372,163) Effects of foreign exchange (7,642) 11,727 12,828 7,235 Cash and cash equivalents at beginning of the financial year 4,557,874 6,324,663 2,288,797 2,653,725 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 5,445,631 4,557,874 1,886,901 2,288,797 Cash and cash equivalents comprise the following: Cash and short-term funds 2 5,461,365 4,605,357 1,887,584 2,317,369 Deposits and placements of banks and other financial institutions 3 50,058 - - 41,368 5,511,423 4,605,357 1,887,584 2,358,737 Less: Amount held on behalf of commissioned dealer’s representatives 30 (65,792) (47,483) - - Cash and short-term funds and deposits and placements with banks and other financial institutions with original maturity of more than three months - - (683) (69,940) 5,445,631 4,557,874 1,886,901 2,288,797 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 The accounting policies and notes form an integral part of these financial statements.