114 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 At beginning of financial year 1,620 2,661 62 46 Addition - 146 - 146 Remeasurement 163 - 163 - Interest charged 124 225 3 6 Lease payments (271) (675) (87) (136) Exchange adjustment - 683 - - Disposal of subsidiary - (1,420) - - At end of financial year 1,636 1,620 141 62 (iii) The weighted average incremental borrowing rate applied to the lease liabilities of the Group and of the Company is 7.41% and 5.27% respectively (2022: 6.27% and 5.27% respectively). (iv) Lease liabilities are denominated in RM. (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. (d) The following are the amounts recognised in profit or loss: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Amortisation charge of right-of-use assets (included in cost of sales) 150 152 - - Amortisation charge of right-of-use assets (included in administrative expenses) 253 563 88 121 Interest expense on lease liabilities 124 225 3 6 Expense relating to short-term leases (included in administrative expenses) 225 - - - Expense relating to leases of low-value assets (included in administrative expenses) 16 25 4 4 768 965 95 131
RkJQdWJsaXNoZXIy NDgzMzc=