Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 314 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONTD.) As at 31 December 2023, leasehold land with an aggregate carrying value of RM1.8 million (2022: RM2.0 million) are pledged as securities for banking facilities (Note 35(a)). Set out below are the carrying amounts of lease liabilities and the movements during the year: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 As at 1 January 40,954 33,619 30,601 29,395 Additions 7,233 21,667 - 11,644 Acquisition of a subsidiary (Note 44(a)) 330 - - - Accretion of interest (Note 6) 1,092 1,204 803 901 Amounts billed (15,160) (14,438) (10,141) (11,339) Derecognition (1,782) (1,054) (1,049) - Foreign exchange differences 356 (44) - - As at 31 December 33,023 40,954 20,214 30,601 Disclosed as: - Current 13,483 12,744 9,582 9,700 - Non-current 19,540 28,210 10,632 20,901 33,023 40,954 20,214 30,601 The Group and the Company had total cash outflows for leases (including short-term leases and low-value assets) of RM15.6 million (2022: RM10.3 million) and RM11.5 million (2022: RM7.9 million) respectively. Included in profit or loss of the Group and the Company: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Expense relating to leases of short-term leases 3,600 2,799 488 753 Expense relating to leases of low-value assets 371 247 9 28 3,971 3,046 497 781
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