108 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 20 RIGHT-OF-USE ASSETS (CONTINUED) Group Leasehold land RM’000 Buildings, structures and renovations RM’000 Plant and machinery RM’000 Motor vehicles RM’000 Office equipment, tools and other equipment RM’000 Total RM’000 2022 Cost At 1 January 2022 2,544,163 242,028 56,264 8,645 6,593 2,857,693 Additions 3,614 31,122 3,996 134 - 38,866 Remeasurement of lease contracts 2,985 (4,963) - - - (1,978) Termination of lease contracts (1,660) (1,042) - - - (2,702) Transfer to property, plant and equipment (Note 19) - - - (5,500) - (5,500) Currency translation differences (109) - 3,027 - - 2,918 At 31 December 2022 2,548,993 267,145 63,287 3,279 6,593 2,889,297 Accumulated depreciation/impairment At 1 January 2022 442,444 176,819 37,000 1,342 4,004 661,609 Charge for the financial year 48,143 19,991 7,604 618 370 76,726 Termination of lease contracts (1,297) (10) - - - (1,307) Transfer to property, plant and equipment (Note 19) - - - (733) - (733) Currency translation differences 225 - 1,974 - - 2,199 At 31 December 2022 489,515 196,800 46,578 1,227 4,374 738,494 Net book value at 31 December 2022 2,059,478 70,345 16,709 2,052 2,219 2,150,803 As at 31 December 2023, the carrying amount of right-of-use assets under land arrangements with FELDA amounted to RM336,437,000 (2022: RM285,022,000). FELDA is in the midst of applying the land titles from respective state authorities. As at 31 December 2023, included in the additions of right-of-use assets of RM56,381,000 is in relation to extension of land lease agreement of which RM25,193,000 has been paid and the remaining is payable upon fulfilment certain condition from the date of acceptance of the Letter of Offer and upon execution of the Lease Agreement. The lease agreement is expected to be finalised in financial year ending 2024 and the residual balance of RM31,188,000 is reflected in payables (Note 49).
RkJQdWJsaXNoZXIy NDgzMzc=