200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 23. Lease liabilities 2023 2022 RM RM Current Lease liabilities (Note 31(c)) 2,527,451 2,769,568 Non-current Lease liabilities (Note 31(c)) 2,737,492 3,314,868 Total lease liabilities (Note 24) 5,264,943 6,084,436 The remaining maturities of the lease liabilities are as follows: 2023 2022 RM RM Within one year 2,527,451 2,769,568 More than 1 year and less than 2 years 1,673,847 2,178,456 More than 2 years and less than 5 years 1,063,645 1,136,412 5,264,943 6,084,436 The movement of lease liabilities during the financial year is as follows: 2023 2022 RM RM At 1 January 6,084,436 4,999,570 Additions (Note 12) 2,269,035 4,163,396 Derecognition due to lease modification (32,439) (61,506) Interest charged on lease liabilities (Note 5) 220,096 243,333 Payments of: - Principal (3,056,089) (3,017,024) - Interest (220,096) (243,333) At 31 December 5,264,943 6,084,436 Group At the reporting date, the interest rate of the lease liabilities ranged from 3.00% to 5.65% (2022: 3.00% to 4.78%). Group Group The Group has entered into non-cancellable operating lease agreements for the use of land, buildings, machinery and equipment, which are recognised as right-of-use assets as disclosed in Note 12. - 64 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 134
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