Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 258 Notes to the Financial Statements 3. PROPERTY, PLANT AND EQUIPMENT (CONT’D) 3.3 Material accounting policy information (cont’d) (b) Depreciation (cont’d) The estimated useful lives for the current and comparative periods are as follows: • mine, conveying, refining and port facilities 4 - 40 years • buildings and renovation 10 - 50 years • plant and machinery 5 - 25 years • office equipment 10 years • motor vehicles 5 - 10 years • furniture and fittings 10 years • moulds and dies 3 - 6 years 4. RIGHT-OF-USE ASSETS Group Land RM’000 Buildings RM’000 Plant, machinery, office equipment, and motor vehicles RM’000 Multi-fuel cogeneration facility RM’000 Total RM’000 At 1 January 2023 268,793 18,432 61,791 172,468 521,484 Additions 177 24,176 6,899 - 31,252 Depreciation (6,208) (10,011) (4,588) (9,519) (30,326) Derecognition* - (32) (21,304) - (21,336) Disposals - - (640) - (640) Disposal of subsidiaries (7,782) - - - (7,782) Transfer to property, plant and equipment (Note 3) - - (22,182) - (22,182) Effect of movements in exchange rates 2,932 902 202 7,057 11,093 At 31 December 2023/ 1 January 2024 257,912 33,467 20,178 170,006 481,563 Additions 9,821 8,467 2,499 22,773 43,560 Acquisition through business combination (Note 32.1) - - 3,177 - 3,177 Depreciation (6,309) (9,553) (4,259) (11,743) (31,864) Derecognition* (6) (277) (215) - (498) Transfer to property, plant and equipment (Note 3) - - (7,425) - (7,425) Effect of movements in exchange rates (4,323) (2,150) (118) (17,300) (23,891) At 31 December 2024 257,095 29,954 13,837 163,736 464,622 * Derecognition of the right-of-use assets was a result of early termination of certain lease arrangements.
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