(10,304.2) (12,235.0) (9,490.0) Finance cost paid (2,860.4) (2,657.2) (1,386.6) (1,212.2) Repayments of lease obligations: - Principal (2,375.7) (2,116.7) (3,258.1) (3,475.5) - Interest (1,639.7) (1,656.1) (4,080.2) (4,213.8) TENAGA NASIONAL BERHAD Integrated Annual Report 2023 212 CONSOLIDATED STATEMENT OF CASH FLOWS For The Financial Year Ended 31 December 2023 Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million (Restated) CASH FLOWS FROM FINANCING ACTIVITIES (CONTINUED) Dividends paid to shareholders (2,537.5) (2,181.3) (2,537.5) (2,181.3) Dividends paid to NCI 0 (17.7) 0 0 Redemption of RPS by NCI (24.0) (73.5) 0 0 Net increase in debt reserve accounts (357.5) (4.1) 0 0 Net decrease in cash at bank, held in trust 42.8 58.3 0 0 Net decrease/(increase) in restricted cash 0.3 (7.2) 0 0 Net cash flows (used in)/generated from financing activities(13,311.8) 3,408.9 (18,102.9) (203.3) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 13,146.9 (1,579.4) 12,585.9 (2,613.2) EFFECTS OF CHANGES IN FOREIGN CURRENCIES 22.2 0.6 (7.5) 15.3 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL YEAR 4,056.1 5,634.9 748.2 3,346.1 CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR (NOTE 22) 17,225.2 4,056.1 13,326.6 748.2 The changes in liabilities arising from financing activities have been disclosed in Notes 15, 26 and 27 respectively. The notes set out on pages 213 to 362 form an integral part of these consolidated financial statements. FINANCIAL STATEMENTS Sec 5 213 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 1 GENERAL INFORMATION The Group and the Company are primarily involved in the business of the generation, transmission, distribution and sales of electricity and those tabulated in Note 49 to these financial statements, which also includes the details of the subsidiaries of the Group. There have been no significant changes in these activities of the Group and of the Company during the financial year. The Group and the Company follow the Incentive Based Regulation