121 Annual Report 2024 2024 2023 $’000 $’000 Cash flows from financing activities: Net proceeds from issuance of ordinary shares 23,209 − Proceeds from borrowings 18,898 40,701 Repayment of borrowings (4,275) (32,495) Payment of lease liabilities (10,967) (8,135) Dividends paid on ordinary shares (7,554) (16,909) Net cash flows generated from/(used in) financing activities 19,311 (16,838) Net increase in cash and cash equivalents 19,131 14,672 Net effect of exchange rate changes on cash and cash equivalents (110) (438) Cash and cash equivalents at 1 January 38,380 24,146 Cash and cash equivalents at 31 December 57,401 38,380 Restricted cash arising from acquisition of subsidiaries − 1,046 Cash and bank balances at 31 December 57,401 39,426 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. CONSOLIDATED CASH FLOW STATEMENT For the financial year ended 31 December 2024
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