200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 24. Lease liabilities 2024 2023 RM RM Current Lease liabilities (Note 32(c)) 3,859,557 2,527,451 Non-current Lease liabilities (Note 32(c)) 3,441,803 2,737,492 Total lease liabilities (Note 25) 7,301,360 5,264,943 The remaining maturities of the lease liabilities are as follows: 2024 2023 RM RM Within one year 3,859,557 2,527,451 More than 1 year and less than 2 years 2,094,896 1,673,847 More than 2 years and less than 5 years 1,346,907 1,063,645 7,301,360 5,264,943 The movement of lease liabilities during the financial year is as follows: 2024 2023 RM RM At 1 January 5,264,943 6,084,436 Additions (Note 12) 7,098,300 2,269,035 Derecognition (1,376,217) (32,439) Interest charged on lease liabilities (Note 5) 382,297 220,096 Payments of: - Principal (3,685,666) (3,056,089) - Interest (382,297) (220,096) At 31 December 7,301,360 5,264,943 At the reporting date, the interest rate of the lease liabilities ranged from 3.00% to 5.82% (2023: 3.00% to 5.65%). Group Group Group The Group has entered into non-cancellable operating lease agreements for the use of land, buildings, machinery and equipment, which are recognised as right-of-use assets as disclosed in Note 12. - 73 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 165 ANNUAL REPORT 2024
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