NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 106 - 22. Lease Liabilities 2021 2020 RM RM At 1 January 12,823,746 21,416,387 Additions 5,401,133 3,089,253 Payments (4,553,032) (7,347,077) Modification to lease (177,906) (163,813) Derecognition arising from termination of lease agreement (6,418,467) (4,163,950) Deconsolidation of subsidiaries (4,797,069) - Exchange difference 186,196 (7,054) At 31 December 2,464,601 12,823,746 Presented as: Repayable within twelve months 1,240,335 5,703,310 Repayable after twelve months 1,224,266 7,120,436 2,464,601 12,823,746 Group The maturity analysis of lease liabilities of the Group at the end of the reporting period: 2021 2020 RM RM Within one year 1,336,675 5,769,829 Between one to two years 621,420 6,697,968 Between two to five years 526,720 413,261 More than five years 179,759 83,033 2,664,574 12,964,091 Less : Future finance charges (199,973) (140,345) Present value of lease liabilities 2,464,601 12,823,746 Group The Group leases leasehold properties, machinery and equipment, motor vehicles, land use right, warehouse, office and apartments. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions at interest rates ranging from 2.05% to 7.36% per annum. The leases have an average tenure of between 1 to 6 years. 183 ANNUAL REPORT 2021 • DESTINI BERHAD
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