NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 38 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES Lease liabilities Term loans Fixed rate notes Other bank borrowings Total liabilities from financing activities Group RM’000 RM’000 RM’000 RM’000 RM’000 2022 At 1 January 243,067 190,964 19,722 543,708 997,461 Cash flows (28,328) (89,970) - 96,150 (22,148) Non-cash item 18,460 396 - - 18,856 Effect of exchange rate changes 3,408 6,038 1,146 21,812 32,404 At 31 December 236,607 107,428 20,868 661,670 1,026,573 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) Non-cash item 59,177 498 - - 59,675 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 Net advances from subsidiaries Other bank borrowings Total liabilities from financing activities Company RM’000 RM’000 RM’000 2022 At 1 January 34,258 102,163 136,421 Cash flows (1,858) (42,449) (44,307) At 31 December 32,400 59,714 92,114 2021 At 1 January 14,258 126,759 141,017 Cash flows 20,000 (24,916) (4,916) Effect of exchange rate changes - 320 320 At 31 December 34,258 102,163 136,421 Annual Report 2022 Wah Seong Corporation Berhad 187
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