106 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Cont’d) The Group as lessee (Cont’d) (j) The following are total cash outflows for leases as a lessee: Group Company 2022 2021 2022 2021 RM RM RM RM Included in net cash used in operating activities: Payment relating to short-term leases and low-value assets 205,200 315,149 6,540 14,595 Included in net cash used in financing activities: Payment of lease liabilities 3,071,371 6,265,777 94,932 107,286 Total cash outflows for leases 3,276,571 6,580,926 101,472 121,881 The Group as lessor (k) The Group has entered into non-cancellable lease agreements on EDC equipment for terms of one (1) year to three (3) years and renewable at the end of the lease period. The monthly rental is fixed based on number of EDC equipment leased out. The Group has aggregated future minimum lease receivables as at the end of each reporting period as follows: Group 2022 2021 RM RM Not later than one (1) year 2,891,577 10,406,368 Later than one (1) year and not later than two (2) years - 2,633,357 2,891,577 13,039,725 14. INTANGIBLE ASSETS Group 2022 Balance as at 1.1.2022 Amortisation charge for the financial year Balance as at 31.12.2022 RM RM RM Carrying amount Completed development costs 904,066 (264,671) 639,395
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