MSTGOLF Integrated Annual Report 2023

199 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 61 22. FINANCE INCOME AND FINANCE COST Finance income for the reporting period consists of the following:- Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Finance income Interest income 933 7 843 - Interest income on advances to subsidiaries - - 593 181 933 7 1,436 181 Finance cost for the reporting period consists of the following:- Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Finance cost Interest expense on:- Bank borrowings 3,227 2,078 - - Lease liabilities 3,065 2,095 - - Amount owing to a subsidiary - - 55 1 6,292 4,173 55 1

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