NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 111 - 25. Lease Liabilities 30.6.2024 31.12.2022 RM RM At 1 January 2023/2022 2,043,391 2,464,601 Additions 1,839,280 1,162,547 Accretion of interest (Note 30) 273,824 103,069 Payments (2,217,609) (1,675,834) Derecognition arising from termination of lease agreement (69,411) (36,760) Exchange difference 200,645 25,768 Deconsolidation of a subsidiary company (45,588) - At 30 June/31 December 2,024,532 2,043,391 Presented as: Repayable within twelve months 874,475 949,896 Repayable after twelve months 1,150,057 1,093,495 2,024,532 2,043,391 Group The maturity analysis of lease liabilities of the Group at the end of the reporting period: 30.6.2024 31.12.2022 RM RM Within one year 941,879 1,012,815 Between one to two years 1,048,046 487,400 Between two to five years 151,608 578,708 More than five years - 114,064 2,141,533 2,192,987 Less : Future finance charges (117,001) (149,596) Present value of lease liabilities 2,024,532 2,043,391 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. 188 DESTINI BERHAD ANNUAL REPORT 2024
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