DESTINI Annual Report 2022

Registration No. 200301030845 (633265-K) - 106 - 24. Lease Liabilities 2022 2021 RM RM At 1 January 2,464,601 12,823,746 Additions 1,162,547 5,401,133 Accretion of interest (Note 29) 103,069 778,760 Payments (1,675,834) (5,331,792) Modification to lease - (177,906) Derecognition arising from termination of lease agreement (36,760) (6,418,467) Deconsolidation of subsidiaries - (4,797,069) Exchange difference 25,768 186,196 At 31 December 2,043,391 2,464,601 Presented as: Repayable within twelve months 949,896 1,240,335 Repayable after twelve months 1,093,495 1,224,266 2,043,391 2,464,601 Group The maturity analysis of lease liabilities of the Group at the end of the reporting period: 2022 2021 RM RM Within one year 1,012,815 1,336,675 Between one to two years 487,400 621,420 Between two to five years 578,708 526,720 More than five years 114,064 179,759 2,192,987 2,664,574 Less : Future finance charges (149,596) (199,973) Present value of lease liabilities 2,043,391 2,464,601 Group The Group leases leasehold properties, machinery and equipment, motor vehicles, land use right, warehouse, office and apartments. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions at interest rates ranging from 2.05% to 7.36% per annum. The leases have an average tenure of between 1 to 6 years. 185 ANNUAL REPORT 2022 DESTINI BERHAD

RkJQdWJsaXNoZXIy NDgzMzc=