Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 220 11. RIGHT-OF-USE ASSET The Group 2024 2023 RM RM Cost At beginning and end of year 18,410,370 18,410,370 Accumulated Depreciation At beginning of year 1,288,189 966,142 Charge for the year (Note 6) 322,047 322,047 At end of year 1,610,236 1,288,189 Net Carrying Amount At end of year 16,800,134 17,122,181 The Group’s lease comprises land leased from Perbadanan Aset Keretapi (“PAK”) for a period of 60 years (2023: 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 (2023: RM575,000). Amount recognised in statement of profit or loss: The Group 2024 2023 RM RM Depreciation of right-of-use asset (Note 6) 322,047 322,047 Interest expense on lease liability (Note 6) 887,720 874,226 Expenses relating to leases (Note 6): Short-term leases 330,681 139,325 Low-value assets 54,880 110,484
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