GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 156 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 25. BORROWINGS (cont’d) (l) Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s and Company’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the statements of cash flows of the Group and of the Company as cash flows from financing activities. Group Company 2019 2018 2019 2018 RM RM RM RM At 1 January 2019, as previously reported 34,667,861 34,186,239 229,981 296,639 Effects of adoption of MFRS 16 (10,065,345) - (229,981) - At 1 January 2019, as restated 24,602,516 34,186,239 - 296,639 Cash flows 1,311,792 (3,008,455) - (66,658) Non-cash flows: Effect of foreign exchange 289,911 107,555 - - Acquisition of subsidiaries (Note 16) - 2,882,522 - - Other changes: Purchase of property, plant and equipment (Note 12) - 500,000 - - At 31 December 26,204,219 34,667,861 - 229,981 26. HIRE PURCHASE CREDITORS Group Company 2019 2018 2019 2018 RM RM RM RM Minimum hire purchase payments - not later than one (1) year - 5,034,711 - 77,280 - later than one (1) year but not later than five (5) years - 5,914,640 - 167,440 Total minimum hire purchase payments - 10,949,351 - 244,720 Less: Future interest charges - (884,006) - (14,739) Present value of hire purchase payments - 10,065,345 - 229,981 Repayable as follows: Current liabilities - not later than one (1) year - 4,436,172 - 69,523 Non-current liabilities - later than one (1) year but not later than five (5) years - 5,629,173 - 160,458 - 10,065,345 - 229,981