Notes tothe financial statements For the financial year ended 31 December 2023 15. Leases (cont’d) Group as a lessee (cont’d) Short-term leases and leases of low-value assets The Group also has certain leases of office equipment with lease terms of less than 12 months or with low value. The Group applies the ‘short-term lease’ and ‘lease of low-value assets’ recognition exemptions for these leases and recognise lease expenses on a straight-line basis in the profit or loss. Set out below are the carrying amounts of right-of-use assets recognised on the Group’s consolidated balance sheet and the movements during the period: Right-of-use assets Land use rights Buildings Office equipment Group Total Rp million Rp million Rp million Rp million At 1 January 2022 1,937,028 8,397 14,449 1,959,874 Additions 196,873 1,170 5,889 203,932 Write-off – – (205) (205) Depreciation expense (64,948) (5,194) (6,743) (76,885) Reclassification (1) (28,083) – – (28,083) At 31 December 2022 and 1 January 2023 2,040,870 4,373 13,390 2,058,633 Additions 1,704 9,936 1,025 12,665 Write-off – – (1,908) (1,908) Depreciation expense (58,496) (5,249) (6,611) (70,356) Reclassification (1) (4,559) – – (4,559) As at 31 December 2023 1,979,519 9,060 5,896 1,994,475 (1) Reclassified to other non-current receivables. Set out below are the carrying amounts of lease liabilities and the movements during the period: Lease Liabilities Note 2023 2022 Rp million Rp million As at 1 January 169,811 43,252 Addition 10,961 177,985 Accretion of interest 10 9,081 5,808 Payments (57,258) (57,002) Write-off (2,060) (232) As at 31 December 130,535 169,811 Current 41,055 46,772 Non-current 89,480 123,039 108 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
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