196 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 25. Lease liabilities 2025 2024 RM RM Current Lease liabilities (Note 33(c)) 2,699,626 3,859,557 Non-current Lease liabilities (Note 33(c)) 2,406,303 3,441,803 Total lease liabilities (Note 26) 5,105,929 7,301,360 The remaining maturities of the lease liabilities are as follows: 2025 2024 RM RM Within one year 2,699,626 3,859,557 More than 1 year and less than 2 years 1,280,000 2,061,656 More than 2 years and less than 5 years 1,126,303 1,264,368 Later than 5 years - 115,779 5,105,929 7,301,360 The movement of lease liabilities during the financial year is as follows: 2025 2024 RM RM At 1 January 7,301,360 5,264,943 Additions (Note 12) 2,063,613 7,098,300 Derecognition (25,709) (1,376,217) Interest charged on lease liabilities (Note 5) 355,285 382,297 Payments of: - Principal (4,233,335) (3,685,666) - Interest (355,285) (382,297) At 31 December 5,105,929 7,301,360 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. Group At the reporting date, the interest rate of the lease liabilities ranged from 3.00% to 5.81% (2024: 3.00% to 5.82%) per annum. Group - 76 -
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