CAHYA MATA SARAWAK ANNUAL REPORT 2016

99 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS Note 2016 2015 Group (cont'd.) RM’000 RM’000 Financing activities Drawdown of borrowings 256,490 242,758 Decrease in wholesale fund pledged to a licensed bank - 23,000 Decrease/(increase) in deposits pledged to licensed banks 29(b) 67 (150) Repayment of borrowings (172,212) (183,876) Proceeds from exercise of employees’ share options 36(b) - 43,586 Proceeds from issuance of shares to a non-controlling interest 19(b) 3,000 - Dividends paid to owners of the Company 44(a) (32,231) (90,945) Dividends paid to non-controlling interests (24,585) (22,351) Net cash flows from financing activities 30,529 12,022 Net increase/(decrease) in cash and cash equivalents 132,070 (481,673) Cash and cash equivalents at 1 January 323,003 804,676 Cash and cash equivalents at 31 December 29 455,073 323,003 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Statements of Cash Flows For the financial year ended 31 December 2016