NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 SECTION 4: FINANCIAL PERFORMANCE 166 4. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONT’D) Lease liabilities Set out below are the carrying amounts of lease liabilities and the movements during the period:- Group 2024 2023 RM’000 RM’000 At 1 January 59,779 49,410 Accretion of interest 4,117 3,065 Additions 21,522 22,224 Rent concessions (534) - Lease modifications 2,814 (29) Lease termination - (878) Payment of lease liabilities (21,620) (16,160) Exchange differences (2,494) 2,147 At 31 December 63,584 59,779 Represented by:- Current 13,591 12,944 Non-current 49,993 46,835 63,584 59,779 The lease liabilities bear interests ranging from 5.60% to 8.37% (2023: 5.50% to 7.91%) per annum. Interest rates are fixed at the inception of the lease liabilities arrangements. The maturity analysis of lease liabilities is disclosed in Note 33 to the financial statements. The following are the amounts recognised in profit or loss:- Group 2024 2023 RM’000 RM’000 Depreciation of right-of-use assets 16,945 13,153 Interest expense on lease liabilities 4,117 3,065 Expenses relating to short term leases 1,510 2,569 Rent concession (534) - Loss on lease modification 456 - Gain on lease termination - (138) Total amount recognised in profit or loss 22,494 18,649 The Group had total cash outflow for lease liabilities payment of RM23,130,000 (2023: RM18,729,000).
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