Annual Report 2019

156 Annual Report 2019 Miramar Hotel and Investment Company, Limited Notes to the Financial Statements 16 Cash and bank balances and other cash flow information (a) Cash and bank balances 2019 2018 HK$’000 HK$’000 Deposits with banks and other financial institutions 5,082,212 4,355,485 Cash at bank and in hand 170,428 357,866 5,252,640 4,713,351 Cash and bank balances at 31 December 2019 include HK$55,993,000 equivalent (2018: HK$54,634,000 equivalent) placed with banks in the PRC, the remittance of which are subject to relevant rules and regulations of foreign exchange control promulgated by the PRC government. (b) Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s liabilities from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the Group’s consolidated cash flow statement as cash flows from financing activities. Lease liabilities Bank loan Amounts due to holders of non-controlling interests of subsidiaries Total HK$’000 HK$’000 HK$’000 HK$’000 (note 18) (note 19) (note 21) At 1 January 2018 – 3,009 91,524 94,533 Changes from financing cash flows: Proceeds from new bank loans – 47,331 – 47,331 Repayment of bank loans – (47,429) – (47,429) Repayment of advances from holders of non-controlling interests of subsidiaries – – (6,708) (6,708) Total changes from financing cash flows – (98) (6,708) (6,806) Exchange adjustments – (63) – (63) At 31 December 2018 – 2,848 84,816 87,664