Annual Report 2020

Group Company Note 2020 RM'000 2019 RM'000 2020 RM'000 2019 RM'000 Cash flows from financing activities Proceeds from borrowings 604,585 710,724 - - Repayment of borrowings # (136,867) (3,300,640) - - Payment of lease liabilities (880,201) (2,088,180) - - Dividends paid to shareholders - (3,408,813) - (3,408,813) Net cash used in financing activities (412,483) (8,086,909) - (3,408,813) Net decrease for the financial year (2,091,414) (842,245) (40,267) (1,316,131) Currency translation differences 65,043 41,507 - (281) Cash and cash equivalents at beginning of the financial year 2,492,276 3,293,014 41,126 1,357,538 Cash and cash equivalents at end of the financial year 465,905 2,492,276 859 41,126 For the purposes of the cash flow statements, cash and cash equivalents include the following: Group Company Note 2020 RM'000 2019 RM'000 2020 RM'000 2019 RM'000 Cash and cash equivalents at end of the financial year 465,905 2,492,276 859 41,126 Add: Deposits pledged as securities and restricted cash 66,305 85,303 - - Deposits with licensed banks with maturity period of more than 3 months 1,068 10,518 - - Deposits, cash and bank balances at the end of the financial year 25 533,278 2,588,097 859 41,126 The deposits and restricted cash amounting to RM66.3 million (2019: RM85.3 million) are pledged as securities for banking facilities granted to the Group. # Repayment of borrowings includes settlement of borrowings for aircraft that were disposed under sale and leaseback transactions in prior year. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Statement of Cash Flow For the financial year ended 31December 2020 186 AIRASIA GROUP BERHAD