ENRA Group Berhad Annual Report 2023

115 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) (e) The following are the total cash outflows for leases as a lessee: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Included in net cash from operating activities: Payment relating to short-term leases and low value assets 241 25 4 4 Included in net cash from financing activities: Payment of lease liabilities 271 675 87 136 Total cash outflows for leases 512 700 91 140 The Group as a lessor The Group has entered into a lease agreement on certain marine equipment on which the monthly rental consist of fixed base rent. Future minimum rentals receivable under the above agreement at the reporting date are as follows: Group 2023 2022 RM’000 RM’000 Less than one (1) year 7,672 2,349 One (1) to two (2) years 9,206 - Two (2) to three (3) years 8,589 - Three (3) to four (4) years 7,319 - Four (4) to five (5) years 7,090 - More than five (5) years 1,182 - 41,058 2,349 6. INVESTMENTS IN SUBSIDIARIES Company 2023 2022 RM’000 RM’000 Unquoted equity shares, at cost 11,146 10,146 Less: Impairment losses (2,340) - 8,806 10,146 Equity contributions to subsidiaries 52,924 42,661 Less: Accumulated impairment losses (37,282) (14,227) 24,448 38,580

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