GHL System Berhad Annual Report 2020

110 G H L S y s t e m S B e r h a d 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (cont’d) The Group as lessee (cont’d) Lease liabilities Company 2020 Balance as at 1.1.2020 Addition Reassessment Lease payments Interest expense Balance as at 31.12.2020 RM RM RM RM RM RM Carrying amount Buildings 64,747 - 13,890 (44,400) 1,880 36,117 Office equipment 45,060 13,750 - (15,190) 1,796 45,416 Motor vehicles 160,458 320,000 - (164,914) 4,456 320,000 270,265 333,750 13,890 (224,504) 8,132 401,533 Lease liabilities Company 2019 Balance as at 1.1.2019 Addition Lease payments Interest expense Balance as at 31.12.2019 RM RM RM RM RM Carrying amount Buildings 105,843 - (44,400) 3,304 64,747 Office equipment 18,362 37,238 (12,280) 1,740 45,060 Motor vehicles 229,981 - (77,280) 7,757 160,458 354,186 37,238 (133,960) 12,801 270,265 Company 2020 2019 RM RM Represented by: Current liabilities 105,710 127,054 Non-current liabilities 295,823 143,211 401,533 270,265 Lease liabilities owing to financial institutions 320,000 160,458 Lease liabilities owing to non-financial institutions 81,533 109,807 401,533 270,265