200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 12. Right-of-use assets (cont'd) Land and Machinery and Group buildings equipment Total RM RM RM At 1 January 2022 4,900,052 34,968 4,935,020 Additions (Note 23) 4,163,396 - 4,163,396 Depreciation for the year (Note 6) (3,027,150) (27,961) (3,055,111) Derecognition due to lease modification (59,329) - (59,329) At 31 December 2022 and 1 January 2023 5,976,969 7,007 5,983,976 Additions (Note 23) 2,269,035 - 2,269,035 Depreciation for the year (Note 6) (3,048,732) (7,007) (3,055,739) Derecognition due to lease modification (29,101) - (29,101) As at 31 December 2023 5,168,171 - 5,168,171 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 23. 13. Investment properties 2023 2022 RM RM Cost At 1 January/31 December 327,444 327,444 Accumulated depreciation At 1 January 187,872 181,323 Charge for the year (Note 6) 6,549 6,549 At 31 December 194,421 187,872 Net carrying amount At 31 December 133,023 139,572 Represented by:- Buildings 133,023 139,572 Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: Fair value of the investment properties as at 31 December 2023 was RM950,000 (2022: RM898,000). Group - 48 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 118
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