MKH BERHAD | ANNUAL REPORT 2023 191 11. RIGHT-OF-USE ASSET (CONT’D) The Group’s lease comprise land leased from Perbadanan Aset Keretapi (“PAK”) for a period of 60 years (2022: 60 years) for future construction of a retail mall. The maturity analysis of lease liability is presented in Note 32. The total cash outflow for the payment of lease liabilities amounted to RM575,000 (2022: RM562,500), short-term leases amounted to RM139,325 (2022: RM259,184), and expenses related to low-value assets amounted to RM110,484 (2022: RM29,790). Amount recognized in statement of profit or loss: The Group 2023 2022 RM RM Depreciation of right-of-use asset (Note 6) 322,047 322,047 Interest expense on lease liability (Note 6) 874,226 860,773 Expenses relating to leases (Note 6): Short-term leases 139,325 259,184 Low-value assets 110,484 29,790 12. INTANGIBLE ASSETS The Group 2023 2022 RM RM Goodwill (Note 12.1) 6,110,144 5,372,379 Other intangible asset (Note 12.2) 62,774,394 57,069,822 Net Carrying Amount 68,884,538 62,442,201 12.1 Goodwill The Group 2023 2022 RM RM Goodwill on acquisition - At cost At beginning of year 5,476,607 5,283,384 Effect of movements in exchange rate 737,765 193,223 At end of year 6,214,372 5,476,607 Accumulated impairment loss At beginning and end of year (104,228) (104,228) Net Carrying Amount 6,110,144 5,372,379 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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