Datasonic Group Berhad 132 Notes to the Financial Statements for the Financial Year Ended 31 March 2022 (Cont’d) 6. RIGHT-OF-USE ASSETS (CONT’D) Leasehold Land Motor Vehicles Total Company RM’000 RM’000 RM’000 Cost At 1 April 2020 10,740 852 11,592 Reclassification to property, plant and equipment - (150) (150) At 31 March 2021 10,740 702 11,442 Accumulated Depreciation At 1 April 2020 1,390 317 1,707 Charge for the year 199 140 339 Reclassification to property, plant and equipment - (150) (150) At 31 March 2021 1,589 307 1,896 Net Book Value 9,151 395 9,546 (a) The Group’s leasehold land, motor vehicles and machineries which are under lease arrangement are summarised below:- (i) Leasehold land The Group entered into 2 non-cancellable operating lease agreements for the use of the land. The leases are for a period of 54 years with no renewal or purchase option in the agreements. The leases do not allow the Group to assign, transfer or sublease the whole or any part of the land. The land were charged to licensed banks for facilities granted to the Group and the Company as at the end of the financial year. (ii) Motor vehicles and machineries In the previous financial year, the Group leased its motor vehicles and machineries amounted to approximately RM1,935,000 under hire purchase and finance lease arrangements. These leases are secured by the leased assets. The Group has an option to purchase the assets at the expiry of the lease period at an insignificant amount.
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