FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 93 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 11. PROPERTY, PLANT AND EQUIPMENT (CONT’D) (a) Certain plant and equipment and of ce space of the Group are leased to customers under operating leases with rentals payable monthly. Each of the leases contains an initial non-cancellable average period of 2 years and the subsequent renewals are negotiated separately on a contract-by-contract basis. The Group does not require a nancial guarantee on its lease arrangements. The undiscounted operating lease receivable under the non-cancellable operating leases are as follows: The Group 2024 2023 RM RM Within 1 year 1,221,686 1,266,480 Between 1 and 2 years - 1,223,767 1,221,686 2,490,247 (b) The long-term leasehold buildings of the Group with carrying amount of RM11,103,414 (2023: RM13,274,807) have been pledged as security for bank facilities granted to the Group. (c) The details of the Group’s property, plant and equipment held under hire purchase arrangement are analysed as follows: The 2024 2023 RM RM Motor vehicles 150,196 188,234 These motor vehicles have been pledged as security for the hire purchase payables of the Group as disclosed in Note 24 to the nancial statements.
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