Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 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 2022 Cost At 1 January 334,195 1,765 2,143 338,103 Additions 22,223 - - 22,223 Remeasurement (1,048) - - (1,048) Transfer to assets held for sale 21 (16,301) - - (16,301) Derecognition (36,533) - - (36,533) Acquisition of subsidiary 37 66,583 948 - 67,531 Effect of exchange rate changes 4,936 (9) (14) 4,913 At 31 December 374,055 2,704 2,129 378,888 Accumulated depreciation At 1 January 73,555 354 1,303 75,212 Depreciation charge for the financial year 27,591 354 610 28,555 Transfer to assets held for sale 21 (3,661) - - (3,661) Derecognition (22,742) - - (22,742) Effect of exchange rate changes 1,645 (7) (17) 1,621 At 31 December 76,388 701 1,896 78,985 Carrying amount at 31 December 297,667 2,003 233 299,903 The title deeds to certain leasehold land of the Group with the carrying amount of approximately RM18,015,000 (2022: RM18,262,000) have yet to be issued by the relevant authorities. (b) Lease liabilities Group 2023 2022 RM’000 RM'000 Total cash outflow for leases for the financial year 33,637 28,328 Integrated Annual Report 2023 200
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