PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 149 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 19. BIOLOGICAL ASSETS (continued) (e) Fair value measurements using significant unobservable inputs The following table summarises the quantitative information about the significant unobservable inputs used in Level 3 fair value measurement: 2019 Selling price per m 3 RM1,120 Discount rate 16% Sensitivity analysis As at 31 December 2019, with all other variables held constant, the Group’s loss after taxation for the year would have been impacted as follows: 2019 RM’000 Selling price - increase by 1% (850) - decrease by 1% 850 Discount rate - increase by 1% 1,462 - decrease by 1% (1,520) (f) During the financial year, the Group made the following cash payments to purchase biological assets: Group 2019 RM’000 Addition on biological assets 83,140 Addition via issuance of ordinary shares (23,940) Amount remained outstanding in other payables (54,724) Deposit paid in previous financial year (800) Cash payments on purchase of biological assets 3,676 20. CASH AND BANK BALANCES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 13,653 23,067 130 501 Deposits placed with financial institutions 9,733 11,837 - - Investments in short term funds - 175 - - 23,386 35,079 130 501