Page 209 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 207

Group Bank
31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note RM’000 RM’000 RM’000 RM’000

Dividend paid on Islamic subordinated sukuk (38,490) (38,490) (38,490) (38,490)
Payment of lease liabilities (11,313) (11,158) (11,313) (11,158)
Proceed from recourse obligation on
financing sold to Cagamas 752,232 500,000 752,232 500,000
Payment of principal for recourse
obligation on financing sold to Cagamas (229,587) (177,363) (229,587) (177,363)
Payment of finance cost for recourse
obligation onfinancing sold to Cagamas (42,711) (39,005) (42,711) (39,005)
Distribution paid to Perpetual Sukuk holders (22,347) - (22,347) -
Proceeds from issuance of Perpetual Sukuk - 348,755 - 348,755
Net cash generated from financing activities 407,784 582,739 407,784 582,739

Net increase in cash and cash equivalents (420,425) 1,781,990 (420,425) 1,781,990
Cash and cash equivalents at beginning of year 3,039,191 1,257,201 3,039,191 1,257,201
Cash and cash equivalents at end of year 2,618,766 3,039,191 2,618,766 3,039,191

Cash and cash equivalents consist of:
Cash and short-term funds 4 (a) 2,116,600 3,039,191 2,116,600 3,039,191
Cash and placements with financial institutions 4 (b) 502,166 - 502,166 -
2,618,766 3,039,191 2,618,766 3,039,191