PRG Holdings Berhad Annual Report 2020

PRG HOLDINGS BERHAD 80 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM FINANCING ACTIVITIES Interest paid (2,003) (2,929) (295) (1,377) Proceeds from issuance of ordinary shares pursuant to exercise of warrants - 19,595 - 19,595 Proceeds from issuance of ordinary shares through private placement 9,555 - 9,555 - Proceeds from issuance of shares to non-controlling interests 123 - - - Advances from shareholders 21,190 10,073 21,331 9,920 Drawdowns of borrowings 48,695 41,116 - 23,142 Repayments of borrowings (20,908) (41,714) (8,411) (29,766) Repayments of lease liabilities (2,745) (3,347) - - Net cash from financing activities 53,907 22,794 22,180 21,514 Net increase/(decrease) in cash and cash equivalents 11,892 (16,331) 378 (372) Effects of exchange rate changes on cash and cash equivalents 2 (310) * 1 Cash and cash equivalents as at beginning of financial year 9,127 25,768 130 501 Cash and cash equivalents as at end of financial year 21(e) 21,021 9,127 508 130 * Amount is less than RM1,000. Statements of Cash Flows For the financial year ended 31 December 2020 cont’d