GHL System Berhad Annual Report 2020

86 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 ) Group Company 2020 2019 2020 2019 Note RM RM RM RM CASH FLOWS FROM FINANCING ACTIVITIES Drawdown of: - bankers’ acceptance - 11,000,000 - - - term loans 61,359,356 14,776,343 - - - islamic facility 5,000,000 52,000,000 - - Proceeds from issuance of ordinary shares pursuant to: - ESS exercised 1,868,400 1,256,040 1,868,400 1,256,040 Proceeds from transfers of ESS shares 8,646,480 621,000 8,646,480 621,000 Purchase of ESS shares from open market 24(d) (2,225,353) (11,943,043) (2,225,353) (11,943,043) Repayments of: - term loans (64,924,204) (11,464,551) - - - islamic facility (5,500,000) (54,000,000) - - - lease liabilities (8,724,262) (8,222,455) (224,504) (133,960) - bankers’ acceptance - (11,000,000) - - Net cash (used in)/from financing activities (4,499,583) (16,976,666) 8,065,023 (10,199,963) Net increase/(decrease) in cash and cash equivalents 23,341,854 45,504,554 20,305,280 (7,387,401) Effect of exchange rate changes on cash and cash equivalents (2,332,570) 729,884 (4,766) 94,549 Effect of fair value changes on cash and cash equivalents (95,896) 43,717 (110,132) 53,652 Cash and cash equivalents at beginning of financial year 179,401,040 133,122,885 45,292,704 52,531,904 Cash and cash equivalents at end of financial year 22(h) 200,314,428 179,401,040 65,483,086 45,292,704 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CONT’D The accompanying notes form an integral part of the financial statements.