NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 9. RIGHT-OF-USE ASSETS The Group AT 1.4.2022 RM’000 DEPRECIATION CHARGES RM’000 EFFECT OF MOVEMENT IN EXCHANGE RATE RM’000 DERECOGNITION DUE TO LEASE MODIFICATION RM’000 MODIFICATION OF LEASE LIABILITIES (NOTE 23) RM’000 AT 31.3.2023 RM’000 2023 Carrying Amount Buildings 2,863 (930) (61) (102) 973 2,743 The Group AT 1.4.2021 RM’000 ADDITIONS (NOTE 39(a)) RM’000 DEPRECIATION CHARGES RM’000 EFFECT OF MOVEMENT IN EXCHANGE RATE RM’000 MODIFICATION OF LEASE LIABILITIES (NOTE 23) RM’000 AT 31.3.2022 RM’000 2022 (RESTATED) Carrying Amount Buildings 3,141 91 (1,021) (58) 710 2,863 Hostels, store rooms and office The Group has leased a number of hostels, store rooms and office that run between 1 year to 5 years (2022 – 1 year to 6 years), with an option to renew the lease after that date. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 184 FINANCIAL STATEMENTS
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