ANNUAL REPORT 2025 171 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 11. Property, plant and equipment (cont'd) Assets held under hire purchase arrangements During the financial year, the Group acquired property, plant and equipment via: 2025 2024 RM RM Cash 61,217,478 92,153,079 Hire purchase arrangements 33,053,371 41,865,185 94,270,849 134,018,264 2025 2024 RM RM Plant, machinery and motor vehicles 81,318,720 64,655,901 12. Right-of-use assets Total RM As at 1 January 2024 5,168,171 Additions (Note 25) 7,098,300 Depreciation for the year (Note 6) (3,819,906) Derecognition (1,334,713) As at 31 December 2024 and 1 January 2025 7,111,852 Additions (Note 25) 2,063,613 Depreciation for the year (Note 6) (4,240,220) Derecognition (25,165) At 31 December 2025 4,910,080 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 25. The Group has entered into non-cancellable operating lease agreements for the use of land and buildings. The leases generally have lease terms of between 1 year to 6 years. Group Group The carrying amount of property, plant and equipment held under hire purchase arrangements at the reporting date is as follows: Leased assets are pledged as security for the related hire purchase arrangements as disclosed in Note 24. The Group also has certain leases with lease terms of 12 months or less and leases that have been determined to be low value. The Group applies the ‘short-term lease’ and ‘lease of low-value assets’ recognition exemptions for these leases. Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: - 51 -
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