NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 23. LEASE LIABILITIES THE GROUP 2023 RM’000 2022 RM’000 (Restated) At 1 April 3,064 3,309 Changes due to lease modification (Note 9) 973 710 Derecognition due to lease modification (107) - Addition of lease liabilities - 91 Interest expense recognised in profit or loss 143 129 Repayment of principal (964) (1,046) Repayment of interest expense (143) (129) At 31 March 2,966 3,064 Analysed by:- Current liabilities 784 863 Non-current liabilities 2,182 2,201 2,966 3,064 24. TERM LOANS (SECURED) THE GROUP 2023 RM’000 2022 RM’000 Current liabilities (Note 29) 45,097 68,274 Non-current liabilities (Note 21) 77,623 84,572 122,720 152,846 (a) The term loans are repayable over 42 to 72 (2022 – 10 to 84) monthly instalments from the date of drawdown and are secured in the same manner as the bank overdrafts as disclosed in Note 28 to the financial statements. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 198 FINANCIAL STATEMENTS
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