Bank Islam Integrated Annual Report 2020

12. RIGHTS-OF-USE ASSETS AND LEASE LIABILITIES (CONTINUED) The nature of the Group’s and the Bank’s leasing activities recognised in the statement of financial position are described as below: No. of leases Range of remaining terms Average remaining lease terms No. of leases with termination option Right-of-use assets: Buildings 8 0.3-15.5 years 13.97 years 8 Future minimum lease payments at 31 December 2020 are as follows: Minimum lease payment due Within 1 year RM’000 1 – 3 years RM’000 > 5 years RM’000 Total RM’000 31 December 2020 Lease payment 30,639 81,604 365,537 477,780 Finance cost 17,203 47,918 100,230 165,351 Net present value 13,436 33,686 265,307 312,429 31 December 2019 Lease payment 30,146 85,693 393,035 508,874 Finance cost 17,890 49,852 115,573 183,315 Net present value 12,256 35,841 277,462 325,559 13. INVESTMENTS IN SUBSIDIARIES Bank 2020 RM’000 2019 RM’000 At cost Unquoted shares in Malaysia 16,447 16,447 Less: Accumulated impairment loss (922) (922) 15,525 15,525 BANK ISLAM MALAYS IA BERHAD INTEGRATED ANNUAL REPORT 2020 235