KUB Malaysia Berhad Annual Report 2021

17. LEASES (cont’d) (i) As lessee (cont’d) Right-of-use assets (cont’d) Office premise Company RM’000 Cost As at 1 January 2020 - Additions for the period 1,365 As at 30 June 2021 1,365 Accumulated depreciation As at 1 January 2020 - Depreciation for the period (Note 9) (151) As at 30 June 2021 (151) Net carrying amount 1,214 In the current financial period, the Company has entered into a new lease agreement for the rental of office floor. The lease term is for a period of 3 years. Lease liabilities Land Office premises Equipment premise Total Group RM’000 RM’000 RM’000 RM’000 As at 1 January 2020 2,988 134 - 3,122 Additions - - 1,365 1,365 Finance costs 194 3 17 214 Repayments of lease liabilities (886) (88) (130) (1,104) Repayments of finance costs (194) (3) (17) (214) As at 30 June 2021 2,102 46 1,235 3,383 As at 1 January 2019 3,542 - - 3,542 Additions - 178 - 178 Finance costs 165 2 - 167 Repayments of lease liabilities (554) (44) - (598) Repayments of finance costs (165) (2) - (167) As at 31 December 2019 2,988 134 - 3,122 There were no lease liabilities in relation to one of the bottling plants amounting to RM715,000 (31.12.2019: RM805,000) which were paid upfront for 15 years. NOTES TO THE FINANCIAL STATEMENTS 100 KUB MALAYSIA BERHAD