CapitaLand Malaysia Mall Trust | Annual Report 2020

CASH FLOWS AND LIQUIDITY The Manager proactively monitors its cash and liquid reserves to ensure that adequate funding is available for distribution to the Unitholders as well as to meet any short-term liabilities. CASH AND CASH EQUIVALENTS As at 31 December 2020, the cash and cash equivalents of CMMT Group stood at RM71.9 million, a decrease of RM12.7 million compared to FY 2019. The decrease was mainly the result of the cash outflows of RM22.5 million and RM103.3 million from investing and financing activities respectively and offset by the cash inflows of RM113.1 million from operating activities. OPERATING ACTIVITIES CMMT Group’s operating net cash inflow for FY 2020 was RM113.1 million, a decrease of RM78.3 million from the preceding year. The decrease was mainly attributed to the lower Net Property Income coupled with the slower collection in view of the various movement controls affecting the retail business. INVESTING ACTIVITIES Net cash used in investing activities for the financial year of RM22.5 million was mainly resulted from cash outflows of RM1.5 million incurred on plant and equipment and RM22.5 million on AEI works and capital expenditure, including payments for previous years’ capital expenditure. The impact of these cash outflows were partly mitigated by interest income of RM1.5 million as a result of active cash management. FINANCING ACTIVITIES Net cash used in financing activities for the financial year of RM103.3 million was mainly attributed to income distribution to Unitholders of RM79.1 million, interest paid of RM58.8 million and net drawdown of revolving credit facilities of RM34.8 million to finance capital expenditure works and working capital needs during the financial year. CAPITAL MANAGEMENT 42 CAPITALAND MALAYSIA MALL TRUST • ANNUAL REPORT 2020