28
MIGHT Directors’ Report And Audited Financial Statements 2020
8. RIGHT-OF-USE ASSETS
DEPRECIATION CHARGE FOR THE FINANCIAL YEAR
BALANCE AS AT 31.12.2020
BALANCE AS AT 01.01.2020
ADDITIONS
THE GROUP AS LESSEE
RM
RM
RM
RM
Carrying amount Motor vehicles Buildings
257,272 1,667,064 1,924,336
60,420 58,252 118,672 -
(74,388) (422,450) (496,838)
243,304 1,302,866 1,546,170 -
The Company as lessee
Carrying amount Motor vehicles Buildings
257,272 27,243 284,515
60,420
(74,388) (11,273) (85,661)
243,304 15,970 259,274 -
-
60,420
DEPRECIATION CHARGE FOR THE FINANCIAL YEAR
BALANCE AS AT 31.12.2019
BALANCE AS AT 01.01.2019
ADDITIONS
THE GROUP AS LESSEE
RM
RM
RM
RM
Carrying amount Motor vehicles Buildings
321,590 1,997,846 2,319,436 -
(64,318) (339,612) (403,930)
257,272 1,667,064 1,924,336 -
-
8,830 8,830
The Company as lessee
Carrying amount Motor vehicles Buildings
-
321,590 30,061 351,651
(64,318) (11,648) (75,966)
257,272 27,243 284,515 -
8,830 8,830
(a) The right-of-use assets are initially measured at cost, which comprise the initial amount of the lease liabilities adjusted for any lease payments made at or before the commencement date of the leases.
After initial recognition, right-of-use assets are stated at cost less accumulated depreciation and any accumulated impairment losses, and adjusted for any re-measurement of the lease liabilities.
The right-of-use assets are depreciated on the straight-line basis over the earlier of the estimated useful lives of the right-of-use assets or the end of the lease term. The lease terms of right-of-use assets as follows:
Motor vehicles
36 - 60 months 24 - 60 months
Buildings
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