Dagang NeXchange Berhad Annual Report 2022

4. RIGHT-OF-USE ASSETS Group Motor vehicles RM’000 Buildings RM’000 Leasehold land RM’000 Total RM’000 Carrying amounts At 1 January 2020 122 5,234 – 5,356 Additions – 991 – 991 Depreciation charge (122) (3,095) – (3,217) Disposal of a subsidiary – (359) – (359) Lease modification – (2,230) – (2,230) Foreign currency translation – 4 – 4 At 30 June 2021/1 July 2021 – 545 – 545 Acquisition of subsidiaries (Note 31) – 334 57,950 58,284 Additions – 173 – 173 Depreciation charge – (793) (1,896) (2,689) Foreign currency translation – (9) 163 154 At 30 June 2022 – 250 56,217 56,467 Company Building RM’000 Total RM’000 Carrying amounts At 1 January 2020 509 509 Depreciation charge (266) (266) Lease modification (243) (243) At 30 June 2021/1 July 2021/30 June 2022 – – The Group leases certain office buildings, warehouses, motor vehicles and leasehold land of which the leasing activities are summarised below: (i) Office buildings and warehouses The Group has leased certain office buildings and warehouses that run between 1 year to 3 years (30.6.2021: 1 year to 3 years), with an option to renew the lease after that date. The Group is allowed to sublease the office buildings and warehouses. (ii) Motor vehicles The Group has leased certain motor vehicles under hire purchase arrangements with lease terms ranging from 1 year to 6 years (30.6.2021: 1 year to 6 years). At the end of the lease term, the Group has the option to purchase the assets at an insignificant amount. (iii) Leasehold land The Group leases a land with unexpired lease period of less than 50 years. 237 DNeX INTEGRATED REPORT 2022

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