Annual Report 2019

210 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 22 Bank deposits and cash (continued) (d) 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. Bank loans Lease liabilities Total $’ 000 $’ 000 $’ 000 (Note 23) (Note 26) At 31 December 2018 2,625,039 – 2,625,039 Impact on initial application of HKFRS 16 (Note) – 6,952 6,952 At 1 January 2019 2,625,039 6,952 2,631,991 Changes from financing cash flows: Proceeds from new bank loans 1,765,000 – 1,765,000 Repayment of bank loans (1,690,000) – (1,690,000) Capital element of lease rentals paid – (3,923) (3,923) Interest element of lease rentals paid – (200) (200) Total changes from financing cash flows 75,000 (4,123) 70,877 Other changes: Increase in lease liabilities from entering into new leases during the year – 3,989 3,989 Interest expenses (note 5(b)) – 200 200 Amortisation of bank loans arrangement fee 6,533 – 6,533 Total other changes 6,533 4,189 10,722 At 31 December 2019 2,706,572 7,018 2,713,590