PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 85 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM FINANCING ACTIVITIES Interest paid (2,929) (1,177) (1,377) - Proceeds from issuance of ordinary shares pursuant to exercise of warrants 19,595 1,296 19,595 1,296 Proceeds from issuance of shares to non-controlling interests - 122 - - Advances from shareholders 10,073 - 9,920 - Drawdowns of borrowings 41,116 21,329 23,142 15,192 Repayments of borrowings (41,714) (7,998) (29,766) - Repayments of lease liabilities (3,347) (1,640) - - Net cash from financing activities 22,794 11,932 21,514 16,488 Net (decrease)/increase in cash and cash equivalents (16,331) (11,869) (372) 373 Effects of exchange rate changes on cash and cash equivalents (310) 216 1 * Cash and cash equivalents reclassified as held for sale 26(f) 5,168 - - - Cash and cash equivalents as at beginning of financial year 25,768 37,421 501 128 Cash and cash equivalents as at end of financial year 20(e) 14,295 25,768 130 501 * Amount is less than RM1,000. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 cont’d