Page 205 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

Group Bank
2023 2022 2023 2022
Note RM’000 RM’000 RM’000 RM’000

Cash flows from financing activities
Dividend paid on Islamic subordinated sukuk (38,490) (22,500) (38,490) (22,500)
Payment of lease liabilities (11,158) (10,654) (11,158) (10,654)
Additional issuance of subordinated sukuk - 299,181 - 299,181
Proceed from recourse obligation
on financing sold to Cagamas 500,000 750,000 500,000 750,000
Payment of principal for recourse
obligation on financing sold to
Cagamas (177,363) (444,751) (177,363) (444,751)
Payment of finance cost for recourse
obligation on financing sold to
Cagamas (39,005) (23,060) (39,005) (23,060)
Proceeds from issuance of Perpetual Sukuk 348,755 - 348,755 -

Net cash generated from financing activities 582,739 548,216 582,739 548,216

Net increase in cash and cash equivalents 1,781,990 83,726 1,781,990 83,726
Cash and cash equivalents at beginning
of year 1,257,201 1,173,475 1,257,201 1,173,475
Cash and cash equivalents at end of year 3,039,191 1,257,201 3,039,191 1,257,201

Cash and cash equivalents consist of:
Cash and short term funds 4 (a) 3,039,191 1,235,454 3,039,191 1,235,454
Deposits and placements with
financial institutions 4 (b) - 21,747 - 21,747

3,039,191 1,257,201 3,039,191 1,257,201

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