Sasbadi Annual Report 2019

PAGE 62 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) Statements of cash flows for the year ended 31 August 2019 (continued) (i) Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment with an aggregate cost of RM814,000 (2018: RM520,000), of which RM276,000 (2018: Nil) were acquired by means of finance leases. (ii) Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following statements of financial position amounts: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 6,710 5,445 24 22 Deposits placed with licensed banks 733 719 - - 7,443 6,164 24 22 Less: Deposits pledged (621) (606) - - Less: Bank overdraft (16,448) (19,570) - - (9,626) (14,012) 24 22 (iii) Reconciliation of movement of liabilities to cash flows arising from financing activities The movement of borrowings in the statements of cash flows is as follows: Group At 1.9.2017 Net changes from financing cash flows At 31.8.2018/ 1.9.2018 Acquisition of new lease Net changes from financing cash flows At 31.8.2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Finance lease liabilities 130 (28) 102 276 (40) 338 Term loans 24,194 (3,749) 20,445 - (3,795) 16,650 Bankers’ acceptances - 2,538 2,538 - (614) 1,924 24,324 (1,239) 23,085 276 (4,449) 18,912 The notes on pages 63 to 146 are an integral part of these financial statements.