Page 179 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 177
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

Group Bank
2021 2020 2021 2020
note rM’000 rM’000 rM’000 rM’000

cash flows from financing activities
Dividend paid on Islamic subordinated sukuk (46,000) (42,000) (46,000) (42,000)
Redemption of subordinated bonds (750,000) - (750,000) -
Payment of lease liabilities (10,272) (11,887) (10,083) (11,674)
Additional issuance of subordinated sukuk 498,573 - 498,573 -
Payment of principal for recourse obligation
on financing sold to Cagamas (16,667) (15,484) (16,667) (15,485)
Payment of finance cost for recourse obligation
on financing sold to Cagamas (20,293) (21,035) (20,293) (21,035)
Net cash used in financing activities (344,659) (90,406) (344,470) (90,194)

Net (decrease)/increase in cash and cash equivalents (1,790,114) 1,898,439 (1,790,114) 1,898,439
cash and cash equivalents at beginning of year 2,963,589 1,065,150 2,963,589 1,065,150
cash and cash equivalents at end of year 1,173,475 2,963,589 1,173,475 2,963,589

cash and cash equivalents consist of:
Cash and short term funds 4 (a) 1,142,291 2,933,172 1,142,291 2,933,172
Cash and placements with financial institutions 4 (b) 31,184 30,417 31,184 30,417
1,173,475 2,963,589 1,173,475 2,963,589