124 CSE GLOBAL LIMITED 2023 2022 $’000 $’000 Cash flows from financing activities: Net proceeds from issuance of ordinary shares − 33,360 Proceeds from borrowings 40,701 20,594 Repayment of borrowings (32,495) (8,462) Payment of lease liabilities (8,135) (6,352) Dividends paid on ordinary shares (16,909) (14,091) Net cash flows (used in)/generated from financing activities (16,838) 25,049 Net increase/(decrease) in cash and cash equivalents 14,672 (20,660) Net effect of exchange rate changes on cash and cash equivalents (438) (717) Cash and cash equivalents at 1 January 24,146 45,523 Cash and cash equivalents at 31 December 38,380 24,146 Restricted cash arising from acquisition of subsidiaries and disposal of a property 1,046 10,065 Cash and bank balances at 31 December 39,426 34,211 CONSOLIDATED CASH FLOW STATEMENT For the financial year ended 31 December 2023 The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
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