Wah Seong Corporation Berhad Annual Report 2021 183 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 37 DISPOSAL OF SUBSIDIARIES (CONTINUED) Disposal of subsidiaries in the previous financial year (continued) (b) Details of the disposal and the net cash flow on disposal are as follows (continued): At the date of disposal RM’000 Net disposal proceeds received 30,369 Less: Time deposits and cash and bank balances of subsidiary disposed (7,446) Net cash inflow on disposal 22,923 Net gain on disposal was recognised in the profit or loss within ‘other operating income’. 38 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES Lease liabilities Term loans Fixed rate notes Other bank borrowings Total liabilities from financing activities RM’000 RM’000 RM’000 RM’000 RM’000 Group 2021 At 1 January 210,385 239,290 19,054 619,712 1,088,441 Cash flows (27,030) (53,684) - (87,959) (168,673) Derecognition (178) - - - (178) Non-cash item 59,355 498 - - 59,853 Effect of exchange rate changes 535 4,860 668 11,955 18,018 At 31 December 243,067 190,964 19,722 543,708 997,461 2020 At 1 January 234,764 293,094 19,324 635,677 1,182,859 Cash flows (23,676) (53,641) - (12,026) (89,343) Derecognition (21,306) - - - (21,306) Non-cash item 21,881 505 - - 22,386 Effect of exchange rate changes (1,278) (668) (270) (3,939) (6,155) At 31 December 210,385 239,290 19,054 619,712 1,088,441
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