NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 15. Leases (cont’d) Group as a lessee (cont’d) Set out below are the carrying amounts of lease liabilities and the movements during the period: Lease Liabilities Note 2024 2023 Rp million Rp million As at 1 January 130,535 169,811 Addition 13,708 10,961 Accretion of interest 10 6,612 9,081 Payments (47,667) (57,258) Write-off – (2,060) As at 31 December 103,188 130,535 Current 39,583 41,055 Non-current 63,605 89,480 The following are the amounts recognised in the consolidated statement of comprehensive income: Note 2024 2023 Rp million Rp million Depreciation of right-of-use assets 8 75,538 70,356 Interest expense on lease liabilities 10 6,612 9,081 Lease expense relating to low-value assets and short-term leases 8 11,367 9,166 Total amount recognised in consolidated statement of comprehensive income 93,517 88,603 Amounts recognised in the consolidated cash flow statement: 2024 2023 Rp million Rp million Addition to right-of-use assets 37,574 – Payment of principal portion of lease liabilities 47,667 57,258 Total cash outflow for leases 85,241 57,258 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 to 3 years and include a clause for rental revision subject to prevailing market conditions. The Group recognised rental income of Rp5.5 billion (2023: Rp8.1 billion) during the year. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 114
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