FGV Audited Financial Statements 2022

AUDITED FINANCIAL STATEMENTS 2022 97 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 20 RIGHT-OF-USE ASSETS (CONTINUED) Company Buildings RM’000 2022 Cost At 1 January 2022/31 December 2022 39,251 Accumulated depreciation At 1 January 2022 14,537 Charge for the financial year 4,361 At 31 December 2022 18,898 Net book value at 31 December 2022 20,353 2021 Cost At 1 January 2021/31 December 2021 39,251 Accumulated depreciation At 1 January 2021 10,176 Charge for the financial year 4,361 At 31 December 2021 14,537 Net book value at 31 December 2021 24,714 Total cash outflow for leases of the Group and the Company are as follows: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Short term lease payments 12,607 8,618 24 23 Rental of low value assets 6,487 4,743 - - Payments of lease liabilities 64,690 46,794 5,531 5,234 83,784 60,155 5,555 5,257

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