AUDITED FINANCIAL STATEMENTS 2022 95 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) The Group leases out certain of its buildings and structures, mainly relating to tanks, pipelines and installations and warehouses, to tenants under operating leases. The Group is not exposed to any material impact of lease payments subject to variable lease considerations. Operating lease receipts represent rentals receivable by the Group for natural oil tanks and oil pipeline system rented out. The future aggregate minimum lease receivables under non-cancellable operating lease are as follows: Group 2022 RM’000 2021 RM’000 Within 1 year 2,265 2,149 Between 1 and 2 years 2,265 2,149 Between 2 and 3 years 2,265 2,149 Between 3 and 4 years 2,265 2,149 Between 4 and 5 years 2,265 2,149 11,325 10,745 Rental income recognised in profit or loss during the financial year amounted to RM1,905,000 (2021: RM1,811,000). 20 RIGHT-OF-USE ASSETS 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
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