Notes To The Financial Statements 31 March 2024 (Cont’d) 127 FINANCIAL STATEMENTS & OTHERS 5. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONT’D) The Group and the Company as lessee (Cont'd) (d) The following are the amounts recognised in profit or loss: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Amortisation charge of right-of-use assets (included in cost of sales) - 150 - - Amortisation charge of right-of-use assets (included in administrative expenses) 286 253 94 88 Interest expense on lease liabilities 130 124 6 3 Expense relating to short-term leases (included in administrative expenses) - 225 - - Expense relating to leases of low-value assets (included in administrative expenses) 11 16 3 4 427 768 103 95 (e) The following are the total cash outflows for leases as a lessee: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Included in net cash from operating activities: Payment relating to short-term leases and low value assets 11 241 3 4 Included in net cash from financing activities: Payment of lease liabilities 252 271 98 87 Total cash outflows for leases 263 512 101 91 The Group as a lessor The Group has entered into a lease agreement on certain marine equipment on which the monthly rental consist of fixed base rent. Future minimum rentals receivable under the above agreement at the reporting date are as follows: Group 2024 2023 RM’000 RM’000 Less than one (1) year 27,629 7,672 One (1) to two (2) years 27,629 9,206 Two (2) to three (3) years 18,498 8,589 Three (3) to four (4) years 18,498 7,319 Four (4) to five (5) years 18,498 7,090 More than five (5) years - 1,182 110,752 41,058
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