Sasbadi Annual Report 2020

61 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) Statements of cash flows for the year ended 31 August 2020 (continued) (i) Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment with an aggregate cost of RM3,692,000 (2019: RM814,000), of which RM160,000 (2019: RM276,000) were acquired by means of hire purchase, RM1,124,000 (2019: Nil) were related to additions of right-of-use assets and RM1,500,000 (2019: Nil) were acquired by contra of amount due from a vendor. (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 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 5,485 6,710 47 24 Deposits placed with licensed banks 745 733 - - 6,230 7,443 47 24 Less: Deposits pledged (631) (621) - - Less: Bank overdraft (18,094) (16,448) - - (12,495) (9,626) 47 24