12. RIGHTS-OF-USE ASSETS AND LEASE LIABILITIES (CONTINUED) The statement of profit or loss shows the following amounts relating to leases: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Expenses relating to short-term leases (included in other overhead expenses) 34,914 35,165 34,518 35,012 Total cash outflow of leases (including short-term leases) 65,154 65,983 64,187 65,688 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 1.0-13.4 years 13.1 years 8 Future minimum lease payments are as follows: Within 1 year RM’000 Minimum lease payment due Total RM’000 1 – 5 years RM’000 > 5 years RM’000 Group 31 December 2022 Lease payment 31,649 116,166 279,579 427,394 Finance cost 16,202 56,811 58,796 131,809 Net present value 15,447 59,355 220,783 295,585 31 December 2021 Lease payment 29,956 113,434 309,264 452,654 Finance cost 17,536 59,931 71,739 149,206 Net present value 12,420 53,502 237,526 303,448 Bank 31 December 2022 Lease payment 31,222 116,166 279,579 426,967 Finance cost 16,193 56,811 58,796 131,800 Net present value 15,029 59,355 220,783 295,167 31 December 2021 Lease payment 29,481 113,434 309,264 452,179 Finance cost 17,525 59,931 71,739 149,195 Net present value 11,956 53,502 237,526 302,984 Notes to the financial statements for the financial year ended 31 December 2022 Integrated Report 2022 294
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