ENRA Group Berhad | Annual Report 2022 109 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 5. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Cont’d) The Group and the Company as lessee (Cont’d) (b) Lease liabilities (Cont’d) (ii) The movements of lease liabilities during the financial year are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 At beginning of financial year 2,661 3,796 46 328 Addition 146 935 146 – Interest charged 225 219 6 10 Lease payments (675) (1,607) (136) (281) Lease concession – (59) – (11) Derecognition upon expiration/ Early termination – (457) – – Exchange adjustment 683 (166) – – Disposal of subsidiary (1,420) – – – At end of financial year 1,620 2,661 62 46 (iii) The weighted average incremental borrowing rate applied to the lease liabilities is 5.27% (2021: 5.27%). (iv) The currency exposure profile of lease liabilities are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 1,620 2,379 62 46 Australian Dollar – 282 – – 1,620 2,661 62 46 (c) The Group and the Company have certain leases of equipment and premises with lease term of 12 months or less, and low value leases of office equipment of RM20,000 and below. The Group and the Company apply the “short-term lease” and “lease of low-value assets” exemptions for these leases.
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