MKH Berhad 153 11. RIGHT-OF-USE ASSET The Group 2021 2020 RM RM Cost At beginning and end of year 18,410,370 18,410,370 Accumulated Depreciation At beginning of year 322,048 - Charge for the year 322,047 322,048 At end of year 644,095 322,048 Net Carrying Amount At end of year 17,766,275 18,088,322 The Group’s lease comprise land leased from Perbadanan Aset Keretapi (“PAK”) for a period of 60 years for future construction of a retail mall. The maturity analysis of lease liability is presented in Note 31. The total cash outflow for the lease amounted to RM500,000 (2020: RM500,000). Amount recognised in statement of profit or loss: The Group 2021 2020 RM RM Depreciation of right-of-use asset (Note 6) 322,047 322,048 Interest expense on lease liability (Note 6) 845,204 830,308 Expenses relating to leases: (Note 6) Short term leases 165,095 748,252 Low value assets 69,171 80,887 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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