Financial Statements Notes to the Financial Statements 4. LEASES (continued) (b) Leases as lessor Operating lease The Group leases out investment properties and certain properties. The Group has classified these leases as operating leases, because they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets. The following were recognised in profit or loss: Group 2024 2023 RM’mil RM’mil Rental income from: − investment properties 205 198 − others 76 73 Variable rental income that do not depend on an index or rate 1 2 Direct operating expenses: − income generating investment properties (29) (28) − non-income generating investment properties (1) (2) 252 243 The following table sets out a maturity analysis of lease receivables, showing the undiscounted lease receivables after the end of the financial year: Group 2024 2023 RM’mil RM’mil Less than one year 236 227 One to two years 189 169 Two to three years 143 128 Three to four years 128 101 Four to five years 120 96 More than five years 594 445 Total 1,410 1,166 (c) Cash outflows for leases as lessee Group Company 2024 2023 2024 2023 RM’mil RM’mil RM’mil RM’mil Included in net cash used in operating activities Payment relating to short-term leases (91) (88) (1) – Payment relating to leases of low-value assets (15) (11) – – Payment relating to variable lease payments not included in the measurement of lease liabilities (17) (14) – – (123) (113) (1) – Included in net cash used in financing activities Payment of lease liabilities (678) (257) – (1) Total cash outflows for leases (801) (370) (1) (1) IHH Healthcare Berhad | Annual Report 2024 148
RkJQdWJsaXNoZXIy NDgzMzc=