NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Cont’d) The Group as lessee (Cont’d) (j) The following are total cash outflows for leases as a lessee: Group Company 2023 2022 2023 2022 RM RM RM RM Included in net cash used in operating activities: Payment relating to short-term leases and low-value assets 255,895 205,200 2,760 6,540 Included in net cash used in financing activities: Payment of lease liabilities 1,651,549 3,071,371 96,332 94,932 Total cash outflows for leases 1,907,444 3,276,571 99,092 101,472 The Group as lessor (k) The Group has entered into non-cancellable lease agreements on EDC equipment for terms of one (1) year to three (3) years and renewable at the end of the lease period. The monthly rental is fixed based on number of EDC equipment leased out. The Group has aggregated future minimum lease receivables as at the end of each reporting period as follows: Group 2023 2022 RM RM Not later than one (1) year 6,956,298 2,891,577 Later than one (1) year and not later than two (2) years 2,898,458 - 9,854,756 2,891,577 14. INTANGIBLE ASSETS Group 2023 Balance as at 1.1.2023 Additions Amortisation charge for the financial year Exchange differences Balance as at 31.12.2023 RM RM RM RM RM Carrying amount Completed development costs 639,395 368,632 (281,076) 3,540 730,491 116 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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