39
MIGHT Directors’ Report And Audited Financial Statements 2020
15. LEASE LIABILITIES (continued)
The following table sets out the carrying amount, the weighted average incremental borrowing rate and the remain- ing maturity of the lease liabilities of the Group and of the Company that are exposed to interest rate risk: (b)
WEIGHTED AVERAGE INCREMENTAL BORROWING RATE PER ANNUM
MORE THAN 5 YEARS
1 - 2 YEARS
2 - 5 YEARS
WITHIN 1 YEAR
TOTAL
GROUP
RM
%
RM
RM
RM
RM
31 December 2020 Lease liabilities Fixed rate 31 December 2019 Lease liabilities Fixed rate
-
4.6%
504,640 1,030,329
74,839
1,609,808
-
4.6%
444,518
945,589 570,696
1,960,803
COMPANY
31 December 2020 Lease liabilities Fixed rate 31 December 2019 Lease liabilities Fixed rate
-
-
4.6%
95,336
173,743
269,079
-
4.6%
72,272
147,808
70,351
290,431
The table below summarises the maturity profile of the lease liabilities of the Group and of the Company at the end of the reporting period based on contractual undiscounted repayment obligations as follows: (c)
WITHIN ONE (1) YEAR
OVER FIVE (5) YEARS
ONE (1) TO FIVE (5)YEARS
TOTAL
GROUP
RM
RM
RM
RM
31 December 2020 Lease liabilities
-
568,140
1,161,951
1,730,091
31 December 2019 Lease liabilities
-
525,420
1,616,186
2,141,606
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