200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 32. Commitments (cont'd) (d) Operating lease commitment - as lessee 2022 2021 RM RM Not later than 1 year 89,467 22,490 Later than 1 year but not later than 5 years 103,055 180 192,522 22,670 33. Fair value (a) Fair values of assets Level 1 Level 2 Level 3 Total RM RM RM RM 2022 Assets for which fair values are disclosed: Investment properties - - 898,000 898,000 2021 Assets for which fair values are disclosed: Investment properties - - 667,000 667,000 Group The fair values of investment properties are determined by the directors using the comparable method. The Group has minimum lease payments recognised in profit or loss for the financial year ended 31 December 2022 amounting to RM419,898 (2021: RM329,181). Future minimum rentals payable under operating leases at the reporting date are as follows: 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: - 92 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 157
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