34. CONTRACT LIABILITIES (CONT’D.) (c) Contract liabilities from property development Group 2022 2021 RM’000 RM’000 At 1 January 28,368 27,127 Revenue recognised during the financial year (12,915) (4,213) Progress billings issued during the financial year 78,772 5,454 At 31 December 94,225 28,368 R evenue from property development activities are recognised over time using the input method, which is based on the actual incurred to date on the property development project as compared to the total budgeted cost for the respective development projects. 35. LEASES (a) Right-of-use assets Leasehold Motor Plant and Office land Premises vehicles machineries equipment Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Cost At 1 January 2022 175,457 5,688 10,251 2,154 474 194,024 Additions - 2,334 2,267 - - 4,601 Transfer from investment properties (Note 17) 23,000 - - - - 23,000 Write off - (657) (912) - - (1,569) Termination - (967) - - - (967) At 31 December 2022 198,457 6,398 11,606 2,154 474 219,089 Accumulated depreciation At 1 January 2022 47,439 1,535 3,178 441 352 52,945 Depreciation (Note 9) 2,026 1,541 2,077 323 94 6,061 Write off - (657) (912) - - (1,569) Termination - (195) - - - (195) At 31 December 2022 49,465 2,224 4,343 764 446 57,242 Carrying amount 148,992 4,174 7,263 1,390 28 161,847 263 FINANCIAL STATEMENTS & OTHER INFORMATION
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