Chemical Company of Malaysia Berhad Annual Report 2019

Amounts in RM’000 unless otherwise stated   Group   Company Note 2019 2018 2019 2018 Exchange differences on translation of the financial statements of foreign operations 154 2,467 - - Net decrease in cash and cash equivalents (24,521) (24,048) (10,165) (35,695) Cash and cash equivalents at 1 January (i) 136,297 160,345 24,960 60,655 Cash and cash equivalents at 31 December (i) 111,776 136,297 14,795 24,960 (i) Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following statements of financial position amounts:   Group   Company Note 2019 2018 2019 2018 Cash and bank balances 32,623 46,747 4,639 6,213 Deposits placed with financial institutions 6,269 6,659 591 2,056 Highly liquid investments with financial institutions 72,884 82,891 9,565 16,691 13 111,776 136,297 14,795 24,960 (ii) Cash outflows for leases as lessee   Group   Company 2019 2018 2019 2018 Included in net cash from operating activities Payment relating to short-term leases 481 - 18 - Payment relating to leases of low-value assets 385 - 141 - Included in net cash from financing activities Payment of lease liabilities 1,943 - 1,150 - Total cash outflows for leases 2,809 - 1,309 - | Statements of Cash Flows |   for the Year Ended 31 December 2019 (continued) 128 CHEMICAL COMPANY OF MALAYSIA BERHAD