Page 119 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 117

Statement of caSh flowS
For the year ended 31 december 2023

Group Bank
2023 2022 2023 2022
rM’000 rM’000 rM’000 rM’000
restated restated

Cash flows from financing activities
Net repayment of borrowings (1,012,932) (1,331,609) (1,012,932) (1,331,609)
Net repayment of lease liabilities (1,599) (1,369) (1,599) (1,369)
Net cash used in financing activities (1,014,531) (1,332,978) (1,014,531) (1,332,978)

Net decrease in cash and cash equivalents (907,080) (427,636) (907,080) (427,636)
Net foreign exchange difference 82,264 14,039 82,264 14,039
Cash and cash equivalents at beginning of the year 2,662,745 3,076,342 2,662,745 3,076,342
Cash and cash equivalents at end of the year 1,837,929 2,662,745 1,837,929 2,662,745

Cash and cash equivalents comprise the following balances:
Cash and bank balances 15,744 28,986 15,744 28,986
Deposits and placements with banks
and other financial institutions 1,972,976 2,794,741 1,972,976 2,794,741
Less: Deposits and placements on behalf of customers
and government (Note 5) (132,431) (127,482) (132,431) (127,482)
Less: Deposits and placements more than three months (18,360) (33,500) (18,360) (33,500)
Cash and cash equivalents 1,837,929 2,662,745 1,837,929 2,662,745

The accompanying notes form an integral part of the financial statements.