236 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 4 LEASES (CONTINUED) (a) Right-of-use assets (continued) Group Land and buildings RM’000 Plant and machineries RM’000 Motor vehicles RM’000 Total RM’000 2024 Cost At 1 January 366,201 6,843 3,026 376,070 Additions 25,157 2,226 1,964 29,347 Remeasurement 1,808 - - 1,808 Derecognition (1,287) - - (1,287) Effect of exchange rate changes (4,906) (957) (425) (6,288) At 31 December 386,973 8,112 4,565 399,650 Accumulated depreciation At 1 January 95,143 1,936 2,157 99,236 Depreciation charge for the financial year 27,990 1,994 1,612 31,596 Derecognition (900) - - (900) Effect of exchange rate changes (1,607) (381) (307) (2,295) At 31 December 120,626 3,549 3,462 127,637 Carrying amount at 31 December 266,347 4,563 1,103 272,013 Recognition and measurement The Group leases various offices, yards and motor vehicles. Rental contracts are typically made for fixed periods of 2 to 20 years (2024: 2 to 13 years), but may have extension options. Right-of-use assets are measured at cost, comprising the following: • the amount of the initial measurement of lease liability, • any lease payments made at or before the commencement date, less any lease incentives received, • any initial direct costs, and • restoration costs.
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