Notes tothe financial statements For the financial year ended 31 December 2023 15. Leases (cont’d) Group as a lessee (cont’d) The following are the amounts recognised in the consolidated statement of comprehensive income: Note 2023 2022 Rp million Rp million Depreciation of right-of-use assets 8 70,356 76,885 Interest expense on lease liabilities 10 9,081 5,808 Lease expense relating to low-value assets and short-term leases 8 9,166 9,531 Total amount recognised in consolidated statement of comprehensive income 88,603 92,224 Amounts recognised in the consolidated cash flow statement: 2023 2022 Rp million Rp million Addition to right-of-use assets – 1,170 Payment of principal portion of lease liabilities 57,258 57,002 Total cash outflow for leases 57,258 58,172 Group as a lessor The Group has entered into operating leases on its CPO tanks and warehouse buildings. These leases have lease terms of 2 years and include a clause for rental revision subject to prevailing market conditions. Rental income recognised by the Group during the year is Rp8.1 billion (2022: Rp5.6 billion). Future minimum rental receivables under non-cancellable operating leases as at 31 December 2023 relating to CPO tank rental which will be charged based on actual usage. 109 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
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