GHL System Berhad Annual Report 2020

113 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (cont’d) The Group as lessee (cont’d) (j) Reconciliation of liabilities arising from financing activities The table below details changes in lease liabilities of the Group and of the Company arising from financing activities, including both cash and non-cash changes. Lease liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the statement of cash flows of the Group and of the Company as cash flows from financing activities. Group Company 2020 2019 2020 2019 RM RM RM RM Lease liabilities At beginning of financial year 15,308,900 14,240,112 270,265 354,186 Cash flows (8,724,262) (8,222,455) (224,504) (133,960) Non-cash flows: - Reassessment 18,366 - 13,890 - - Additions 1,372,642 7,825,974 333,750 37,238 - Disposals (194,355) - - - - Unwinding of interest 867,585 1,180,222 8,132 12,801 - Exchange difference 412,336 285,047 - - At end of financial year 9,061,212 15,308,900 401,533 270,265 The Group as lessor (k) The Group has entered into non-cancellable lease agreements on EDC equipment for terms of one (1) year to three (3) years and renewable at the end of the lease period. The monthly rental is fixed based on number of EDC equipment leased out. The Group has aggregated future minimum lease receivables as at the end of each reporting period as follows: Group 2020 2019 RM RM Not later than one (1) year 10,119,588 28,415,105 Later than one (1) year and not later than two (2) years 8,276,639 6,309,738 Later than two (2) years and not later than three (3) years 265,686 3,228,712 Later than three (3) years and not later than four (4) years - 265,686 18,661,913 38,219,241