PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 86 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES Borrowings (Note 23) Lease liabilities (Note 25) Group Company Group Company RM’000 RM’000 RM’000 RM’000 At 1 January 2019, as previously reported** 38,011 15,060 - - Effects of adoption of MFRS 16 (Note 5.1) (839) - 7,047 - At 1 January 2019, as restated 37,172 15,060 7,047 - Cash flows (598) (6,624) (3,347) - Non-cash flows: - Unwinding of interest - - 1,124 - - Acquisition of right-of-use assets - - 17,141 - - Acquisition of subsidiaries - - 500 - - Reclassified to liabilities directly associated with assets held for sale (3,878) - (2,206) - - Effect of foreign exchange (81) (25) (94) - At 31 December 2019** 32,615 8,411 20,165 - At 1 January 2018** 28,569 - - - Cash flows 11,691 15,192 - - Repayment of term loan with restricted cash (2,198) - - - Non-cash flows: - Acquisition of property, plant and equipment 113 - - - - Effect of foreign exchange (164) (132) - - At 31 December 2018** 38,011 15,060 - - ** Borrowings exclude bank overdraft. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 cont’d The accompanying notes form an integral part of the financial statements.