Tropicana Corporation Berhad Annual Report 2019

32. BORROWINGS (CONT’D.) (a) Hire purchase (cont’d.) The Group has finance leases for certain items of property, plant and equipment. Future minimum lease payments under finance leases together with the present value of the net minimum lease payments are as follows: (cont’d.) Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Present value of payments: Not later than 1 year 426 1,002 44 68 Later than 1 year but not later than 2 years 139 431 74 68 Later than 2 years but not later than 5 years 156 206 125 188 Present value of minimum lease payments 721 1,639 243 324 Less: Amount due within 12 months (426) (1,002) (44) (68) Amount due after 12 months 295 637 199 256 These obligations are secured by charge over the leased property, plant and equipment as disclosed in Note 15. The discount rates implicit in the leases range from 4.15% to 9.25% (2018: 3.91% to 9.25%). (b) Changes in liabilities arising from financing activities Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 At 1 January 1,951,280 1,846,475 434,431 483,498 Cash flows 146,039 (50,643) (98,986) (50,526) Acquisition of subsidiaries 423,156 142,488 – – Hire purchase (918) 365 (81) 365 Others (442) 12,595 726 1,094 At 31 December 2,519,115 1,951,280 336,090 434,431 The others represent transactions involving amortisation of borrowing costs. For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 224 About Tropicana Our Strategic Performance Our Leadership