PRG Holdings Berhad Annual Report 2020

Annual Report 2020 81 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES Borrowings Lease liabilities (Note 25) (Note 27) Group Company Group Company RM’000 RM’000 RM’000 RM’000 At 1 January 2020 32,615 8,411 20,165 - Cash flows 27,787 (8,411) (2,730) - Non-cash flows: - Unwinding of interest - - 1,380 - - Acquisition of right-of-use assets - - 97 - - Acquisition of subsidiaries - - 518 - - Lease concessions - - (2,799) - - Lease modification - - 495 - - Effect of foreign exchange 544 - (44) - At 31 December 2020** 60,946 - 17,082 - At 1 January 2019, as previously reported** 38,011 15,060 - - Effects of adoption of MFRS 16 (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 - ** Borrowings exclude bank overdraft. Statements of Cash Flows The accompanying notes form an integral part of the financial statements. For the financial year ended 31 December 2020 cont’d