206 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 33. Commitments (cont'd) (c) Lease commitments in respect of right-of-use assets 2025 2024 RM RM Minimum lease payments: Not later than 1 year 2,918,729 4,166,010 Later than 1 year but not later than 2 years 1,378,050 2,203,134 Later than 2 years but not later than 5 years 1,190,345 1,366,638 Later than 5 years - 116,992 Total minimum lease payments 5,487,124 7,852,774 Less: Amounts representing finance charges (381,195) (551,414) Present value of minimum lease payments 5,105,929 7,301,360 Present value of payments: Not later than 1 year 2,699,626 3,859,557 Later than 1 year but not later than 2 years 1,280,000 2,061,656 Later than 2 years but not later than 5 years 1,126,303 1,264,368 Later than 5 years - 115,779 Present value of minimum lease payments 5,105,929 7,301,360 Less: Amount due within 12 months (Note 25) (2,699,626) (3,859,557) Amount due after 12 months (Note 25) 2,406,303 3,441,803 Group The Group has entered into lease arrangements for the use of land, building, machinery and equipment. The Group has recognised the right-of-use assets (Note 12) with related lease liabilities as disclosed in Note 25. Future minimum lease payments of right-of-use assets together with the present value of the net minimum lease payments are as follows: - 86 -
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