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RIGHT-OF-USE ASSETS
12 Months Ended
Dec. 31, 2022
RIGHT-OF-USE ASSETS  
RIGHT-OF-USE ASSETS

13. RIGHT-OF-USE ASSETS

The carrying amounts of right-of-use assets recognized and the movement during the year:

    

    

    

Transmission 

    

    

    

installation and

Land rights

Buildings

 equipment

Vehicles

Others

Total

As at January 1, 2021

5,407

539

12,187

536

435

19,104

Additions

1,001

461

4,406

83

91

6,042

Deductions and reclassifications

(95)

(39)

(672)

(13)

(70)

(889)

Depreciation expense

(975)

(331)

(3,182)

(198)

(318)

(5,004)

As at December 31, 2021

5,338

630

12,739

408

138

19,253

Additions

1,179

121

8,205

488

23

10,016

Deductions and reclassifications

(178)

(22)

(2,122)

(198)

8

(2,512)

Depreciation expense

(891)

(187)

(3,935)

(178)

(35)

(5,226)

As at December 31, 2022

5,448

542

14,887

520

134

21,531

The carrying amounts of the lease liabilities and the movements are as follows:

    

2021

    

2022

As at January 1

 

14,877

 

15,888

Accretion of interest

 

2,363

 

975

Additions (Note 36a)

 

4,234

 

10,006

Deductions

 

(5,586)

 

(8,396)

As at December 31

 

15,888

 

18,473

Current maturities

 

(5,525)

 

(4,772)

Non-current

 

10,363

 

13,701

Maturity analysis of lease payments are as follows:

    

2022

No later than a year

 

5,741

Later than 1 year and no later than 5 years

 

11,278

Later than 5 years

 

4,889

Total lease payments

21,908

Interest

(3,435)

Net present value of lease payments

18,473

Current maturities

 

(4,772)

Non-current

 

13,701

The Group leases several assets including land rights, building, transmission installation and equipment, vehicles, and others which are used in operations, which generally have lease term between 1 and 33 years.

The Group also has certain leases with lease terms of twelve months or less and low-value leases. The Group applies the ‘short-term lease’ and ‘lease of low-value assets’ recognition exemptions for these leases. There are no lease contracts with variable lease payments.

The following are the amounts recognized in profit or loss:

    

2021

    

2022

Depreciation expense of right-of-use assets

 

5,004

 

5,226

Expense relating to short-term leases

 

5,251

 

3,821

Interest expense on lease liabilities

 

2,363

 

975

Expense relating to leases of low-value assets

 

57

 

52