2019 UEM Edgenta Annual Report

228 Notes to the Financial Statements For the year ended 31 December 2019 29. BORROWINGS (CONT’D.) Reconciliation of liabilities arising from financing activities Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 As at 1 January 532,465 559,761 301,815 301,691 Adjustment upon adoption of MFRS 16 (3,127) - - - As at 1 January 529,338 559,761 301,815 301,691 Cash flows Drawdown of borrowings 125,331 149,636 50,000 50,000 Repayment of borrowings (137,127) (175,320) (50,000) (50,000) Repayment of finance lease - (1,113) - - Interest paid (24,181) (26,249) (14,247) (14,314) Non-cash changes: Amortisation of capitalised transaction costs 679 1,325 125 125 Other changes 25,028 24,425 14,147 14,313 As at 31 December 519,068 532,465 301,840 301,815 Included in the other changes are the effects of foreign currency translations and accrued but not yet paid interest on interest- bearing loans and borrowings. The Group classifies interest paid as cash flows from operating activities. 30. FINANCE LEASES As previously stated under MFRS117 Group 2018 RM’000 Future minimum lease payments: Not later than 1 year 1,311 Later than 1 year and not later than 2 years 1,249 Later than 2 years and not later than 5 years 923 Total future minimum lease payments 3,483 Less: Future finance charges (356) Present value of finance lease liabilities 3,127 Analysis of present value of finance lease liabilities: Not later than 1 year 1,101 Later than 1 year and not later than 2 years 1,132 Later than 2 years and not later than 5 years 894 3,127 Less: Amount due within 12 months (1,101) Amount due after 12 months 2,026