06 FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE DATASONIC GROUP BERHAD 154 6. RIGHT-OF-USE ASSETS (CONT’D) Office Premise Leasehold Land Total Company RM’000 RM’000 RM’000 Cost At 1 April 2023/31 March 2024 1,430 10,740 12,170 Accumulated Depreciation At 1 April 2023 172 1,986 2,158 Charge for the year 722 198 920 At 31 March 2024 894 2,184 3,078 Net Book Value 536 8,556 9,092 Office Premise Leasehold Land Total Company RM’000 RM’000 RM’000 Cost At 1 April 2022 - 10,740 10,740 Addition 1,430 - 1,430 At 31 March 2023 1,430 10,740 12,170 Accumulated Depreciation At 1 April 2022 - 1,787 1,787 Charge for the year 172 199 371 At 31 March 2023 172 1,986 2,158 Net Book Value 1,258 8,754 10,012 (a) Leasehold land The Group entered into 2 non-cancellable operating lease agreements for the use of the land. The leases are for a period of 54 years with no renewal or purchase option in the agreements. The leases do not allow the Group to assign, transfer or sublease the whole or any part of the land. The leasehold land of the Group and of the Company amounting to approximately RM8,556,000 (2023 - RM8,754,000) is charged to licensed banks for facilities granted to the Group and the Company respectively as at the end of the financial year.
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