26. LEASE LIABILITIES (continued) The Group as lessee (continued) Long-term leasehold Plant and Motor land Buildings machinery vehicles Total Group RM’000 RM’000 RM’000 RM’000 RM’000 Carrying amount Balance as at 1 January 2020 2,535 17,314 126 190 20,165 Additions - 97 - - 97 Acquisition of subsidiaries (Note 10) - 518 - - 518 Lease payments (162) (2,373) (128) (67) (2,730) Interest expense 91 1,281 2 6 1,380 Re-measurement - 495 - - 495 Lease concession - (2,799) - - (2,799) Translation adjustments (46) 2 - - (44) Balance as at 31 December 2020 2,418 14,535 - 129 17,082 2021 2020 Represented by: RM’000 RM’000 Current liabilities 1,653 4,605 Non-current liabilities 1,875 12,477 3,528 17,082 Lease liabilities owing to financial institutions 178 129 Lease liabilities owing to non-financial institutions 3,350 16,953 3,528 17,082 (a) The Group has certain leases of assets with lease term of 12 months or less, and low value leases of office equipment of RM20,000 and below. The Group applies the “short-term lease” and “lease of low-value assets” exemptions for these leases. (b) During the financial year, the Group had total cash outflow for leases of RM1,700,000 (2020: RM2,730,000). NOTES TO THE FINANCIAL STATEMENTS 159 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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