MSM Malaysia Holdings Berhad Annual Report 2020

18 RIGHT-OF-USE ASSETS (CONTINUED) Company Building RM’000 2020 Cost At 1 January 2020 5,009 Lease modification (3,301) At 31 December 2020 1,708 Accumulated depreciation At 1 January 2020 2,574 Lease modification (2,574) Charge for the financial year 496 At 31 December 2020 496 Net book value At 31 December 2020 1,212 2019 Cost At 1 January 2019 5,009 Accumulated depreciation At 1 January 2019 1,739 Charge for the financial year 835 At 31 December 2019 2,574 Net book value At 31 December 2019 2,435 Total cash outflow for leases of the Company is as follows: Company 2020 2019 RM’000 RM’000 Rental of short term assets - 20 Principal payments of lease liabilities 158 789 Interest payment of lease liabilities 63 117 221 926 MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 192 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT