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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2018 2017Notes $ $ Cash fows from fnancing activitiesProceeds from borrowings 14 %u2013 345Repayment of borrowings 14 (455) (784)Dividends paid 19 (24,057) (24,057)Net cash used in fnancing activities (24,512) (24,496)Net decrease in cash and cash equivalents (23,977) (27,296)Cash and cash equivalents at the beginning of the year 71,554 98,850Cash and cash equivalents at the end of the year 12 47,577 71,554The accompanying notes form an integral part of these consolidated fnancial statements.38 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018