NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 5 LEASES (CONTINUED) (a) Right-of-use assets (continued) Note Land and buildings Plant and machineries Motor vehicles Total Group RM’000 RM’000 RM’000 RM’000 2021 Cost At 1 January 287,339 1,803 1,862 291,004 Additions 47,367 7 336 47,710 Transfer from property, plant and equipment 4 5,502 - - 5,502 Transfer to assets held for sale 22 (6,919) - - (6,919) Derecognition (467) - - (467) Effect of exchange rate changes 1,373 (45) (55) 1,273 At 31 December 334,195 1,765 2,143 338,103 Accumulated depreciation At 1 January 47,444 32 624 48,100 Depreciation charge for the financial year 26,924 331 712 27,967 Transfer from property, plant and equipment 4 362 - - 362 Transfer to assets held for sale 22 (1,511) - - (1,511) Derecognition (240) - - (240) Effect of exchange rate changes 576 (9) (33) 534 At 31 December 73,555 354 1,303 75,212 Carrying amount at 31 December 260,640 1,411 840 262,891 The title deeds to certain leasehold land of the Group with the carrying amount of approximately RM18,262,000 (2021: RM18,509,000) have yet to be issued by the relevant authorities. (b) Lease liabilities Group 2022 2021 RM’000 RM’000 Total cash outflow for leases for the financial year 28,328 27,030 Annual Report 2022 Wah Seong Corporation Berhad 137
RkJQdWJsaXNoZXIy NDgzMzc=