200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 32. Commitments (cont'd) (d) Operating lease commitment - as lessee 2021 2020 RM RM Not later than 1 year 22,490 56,870 Later than 1 year but not later than 5 years 180 2,900 22,670 59,770 33. Fair value (a) Fair values of assets Level 1 Level 2 Level 3 Total RM RM RM RM 2021 Assets for which fair values are disclosed: Investment properties - - 667,000 667,000 2020 Assets for which fair values are disclosed: Investment properties - - 900,000 900,000 Group The following table shows an analysis of assets measured at fair value or for which fair values are disclosed by level of fair value hierarchy: The fair values of investment properties are determined by the directors using the comparable method. Group The Group has minimum lease payments recognised in profit or loss for the financial year ended 31 December 2021 amounting to RM329,181 (2020: RM281,833). Future minimum rentals payable under operating leases at the reporting date are as follows: - 91 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 151
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