174 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 43 LEASE LIABILITIES (CONTINUED) Group As at 31 December 2023, the Group has remeasured the lease contract with FELDA for the extension of the land lease in connection to the mills operated by a subsidiary of the Group. The remeasurement resulted in an increase in lease liabilities of RM62,083,000. The Group is in the midst of finalising the lease agreement with FELDA Company 2023 RM’000 2022 RM’000 At 1 January 24,077 28,318 Interest accretion 1,078 1,290 Repayments (5,528) (5,531) At 31 December 19,627 24,077 Non-current 16,264 20,714 Current 3,363 3,363 19,627 24,077 44 LOANS DUE TO SUBSIDIARIES Company 2023 RM’000 2022 RM’000 Unsecured: - Non-current 663,783 736,486 - Current 309,981 74,548 973,764 811,034 The loans are denominated as follows: Company 2023 RM’000 2022 RM’000 - Ringgit Malaysia 973,764 811,034
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