12. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONTINUED) The nature of the Group’s and the Bank’s leasing activities recognised in the statement of financial position are described as below: Right-of-use assets No. of leases Range of remaining terms Average remaining lease terms No. of leases with termination option Buildings 8 0.3-11.4 years 11.3 years 8 Future minimum lease payments are as follows: Minimum lease payment due Within 1 year RM’000 1-5 years RM’000 > 5 years RM’000 Total RM’000 Group 31 December 2024 Lease payment 31,281 122,791 219,243 373,315 Finance cost 14,835 50,003 35,939 100,777 Net present value 16,446 72,788 183,304 272,538 31 December 2023 Lease payment 30,773 147,245 218,815 396,833 Finance cost 15,416 64,313 35,930 115,659 Net present value 15,357 82,932 182,885 281,174 Bank 31 December 2024 Lease payment 30,852 120,645 218,814 370,311 Finance cost 14,730 49,701 35,930 100,361 Net present value 16,122 70,944 182,884 269,950 31 December 2023 Lease payment 30,344 146,816 218,815 395,975 Finance cost 15,384 64,302 35,930 115,616 Net present value 14,960 82,514 182,885 280,359 335 w w w . b a n k i s l a m. c o m 01 02 03 04 05 06 07 08 FINANCIAL STATEMENTS 09
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