NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 73 - 5. Right-of-Use Assets (Cont’d) 30.6.2024 31.12.2022 Company RM RM Leasehold land At cost At 1 January/30 June/31 December 842,459 842,459 Accumulated depreciation At 1 January 110,217 101,707 Charge for the financial period 12,765 8,510 At 30 June/31 December 122,982 110,217 Carrying amount At 30 June/31 December 719,477 732,242 The Group and the Company lease machinery and equipment, motor vehicles, office and apartment, leasehold land and properties. Leasehold properties and industrial land are pledged as securities for bank borrowings as disclosed in Note 26. The aggregate additional costs for the right-of-use assets of the Group during the financial period acquired under the lease liabilities and cash payments are RM1,839,280 (31.12.2022: RM1,162,547) and RMNil (31.12.2022: RM8,026) respectively. As at 30 June 2024 the remaining lease period of the leasehold properties and industrial land of the Group and of the Company are 49 years and 81 years, which are expired on 2073 and 2105 respectively. The Group has land use right over a plot of state-owned land in the People’s Republic of China (“PRC”) where the Group’s PRC manufacturing and storage reside. The land use right is not transferrable and has a remaining tenure of 34 (31.12.2022: 36 years). The carrying amount of the Group’s land use right had been pledged as securities for bank borrowings as disclosed in Note 26. 150 DESTINI BERHAD ANNUAL REPORT 2024
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