KUB Malaysia Berhad Annual Report 2021

17. LEASES (i) As lessee Right-of-use assets Land Office premises Equipment premise Total Group RM’000 RM’000 RM’000 RM’000 Cost As at 1 January 2020 4,254 178 - 4,432 Additions - - 1,365 1,365 As at 30 June 2021 4,254 178 1,365 5,797 Accumulated depreciation As at 1 January 2020 (659) (44) - (703) Depreciation for the period (Note 9) (987) (89) (151) (1,227) As at 30 June 2021 (1,646) (133) (151) (1,930) Net carrying amount 2,608 45 1,214 3,867 Land premises Equipment Total Group RM’000 RM’000 RM’000 Cost As at 1 January 2019 4,254 - 4,254 Additions for the year - 178 178 As at 31 December 2019 4,254 178 4,432 Accumulated depreciation As at 1 January 2019 - - - Depreciation for the year (Note 9) (659) (44) (703) As at 31 December 2019 (659) (44) (703) Net carrying amount 3,595 134 3,729 The Group leases its office floor premise, forklifts for 3 years and two plots of lands to operate two of its bottling plants, where the lease term is 5 years and 15 years, respectively. One of the bottling plants was paid upfront for 15 years since the date of acquisition and with an option to renew the lease after that date. With the exception of short-term lease and lease of low value of underlying assets, each lease is reflected on the statements of financial position as a right-of-use asset and a lease liability. 99 ANNUAL REPORT 2021 FINANCIAL STATEMENTS