Annual Report 2020

158 Notes to the Financial Statements Annual Report 2020 Miramar Hotel and Investment Company, Limited 16 Cash and bank balances and other cash flow information (Continued) (b) Reconciliation of liabilities arising from financing activities (continued) 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 2020 149,709 2,727 78,547 230,983 Changes from financing cash flows: Repayment of advances from holders of non-controlling interests of subsidiaries – – (5,953) (5,953) Capital element of lease rentals paid (60,882) – – (60,882) Interest element of lease rentals paid (2,975) – – (2,975) Proceeds from new bank loans – 11,138 – 11,138 Repayment of bank loans – (11,125) – (11,125) Total changes from financing cash flows (63,857) 13 (5,953) (69,797) Exchange adjustments – 253 (119) 134 Other changes Interest on lease liabilities 2,975 – – 2,975 Increase in liabilities from entering into new leases during the year 2,130 – – 2,130 Decrease in lease liabilities from early termination of lease during the year (200) – – (200) Decrease in lease liabilities from lease modification during the year (3,593) – – (3,593) At 31 December 2020 87,164 2,993 72,475 162,632