Annual Report 2020

157 Notes to the Financial Statements Miramar Hotel and Investment Company, Limited Annual Report 2020 16 Cash and bank balances and other cash flow information (Continued) (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 17) At 1 January 2019 150,435 2,848 84,816 238,099 Changes from financing cash flows: Repayment of advances from holders of non-controlling interests of subsidiaries – – (6,080) (6,080) Capital element of lease rentals paid (55,842) – – (55,842) Interest element of lease rentals paid (3,170) – – (3,170) Proceeds from new bank loans – 13,922 – 13,922 Repayment of bank loans – (13,971) – (13,971) Total changes from financing cash flows (59,012) (49) (6,080) (65,141) Exchange adjustments – (72) (189) (261) Other changes Interest on lease liabilities 3,170 – – 3,170 Increase in lease liabilities from entering into new leases during the year 56,750 – – 56,750 Decrease in lease liabilities from early termination of lease during the year (565) – – (565) Decrease in lease liabilities from lease modification during the year (1,069) – – (1,069) At 31 December 2019 149,709 2,727 78,547 230,983