Page 194 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

18 RIGHT-OF-USE ASSETS (CONTINUED)
Company Building
RM’000
2020
Cost
At 1 January 2020 5,009
Lease modification (3,301)

At 31 December 2020 1,708
192
Accumulated depreciation
At 1 January 2020 2,574
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Lease modification (2,574)
Charge for the financial year 496

At 31 December 2020 496

Net book value
At 31 December 2020 1,212

2019
Cost
At 1 January 2019 5,009

Accumulated depreciation
At 1 January 2019 1,739
Charge for the financial year 835
At 31 December 2019 2,574

Net book value
At 31 December 2019 2,435

Total cash outflow for leases of the Company is as follows:
Company
2020 2019
RM’000 RM’000
Rental of short term assets - 20
Principal payments of lease liabilities 158 789
Interest payment of lease liabilities 63 117
221 926