NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 15. Leases (cont’d) Group as a lessee (cont’d) Extension and termination options The Group has several lease contracts that contain extension and termination options exercisable by the Group. Where practicable, the Group seeks to include extension and termination options in new leases to provide operational flexibility. The extension options held are exercisable only by the Group before the end of the noncancellable contract period and not by the lessors. The termination options can be exercised by serving the required notice periods in the lease contract. 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 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) At 31 December 2023 and 1 January 2024 1,979,519 9,060 5,896 1,994,475 Additions 66,455 – 13,708 80,163 Write-off (3,737) – – (3,737) Depreciation expense (64,284) (5,358) (5,896) (75,538) Reclassification (1) (3,615) – – (3,615) As at 31 December 2024 1,974,338 3,702 13,708 1,991,748 (1) Reclassified to other non-current receivables. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 113
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