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LEASES

12 Months Ended

Dec. 31, 2023

LEASES

LEASES

13. LEASES

a.

The Group as a lessee

The Group leases several assets including land rights, building, transmission installation and equipment, vehicles, and others which used in operations, which generally have lease term between 1 and 50 years.

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


						Transmission
						installation and
		Land rights		Buildings		equipment		Vehicles		Others		Total
As at January 1, 2022		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
Additions		1,764		156		7,477		227		893		10,517
Deductions and reclassifications		(42)		(88)		(2,837)		8		1		(2,958)
Depreciation expense		(1,036)		(148)		(3,469)		(236)		(177)		(5,066)
As at December 31, 2023		6,134		462		16,058		519		851		24,024

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


		2022		2023

As at January 1		15,888		18,473
Accretion of interest		975		1,015
Additions (Note 36a)		10,006		10,407
Deductions		(8,396)		(9,593)
As at December 31		18,473		20,302
Current		(4,772)		(5,458)
Non-current		13,701		14,844

The maturity analysis of lease payments are as follows:


		2022		2023
No later than a year		5,741		6,513
Later than 1 year and no later than 5 years		11,278		11,460
Later than 5 years		4,889		6,429
Total lease payments		21,908		24,402
Interest		(3,435)		(4,100)
Net present value of lease payments		18,473		20,302
Current		(4,772)		(5,458)
Non-current		13,701		14,844

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:


		2022		2023
Depreciation expense of right-of-use assets		5,226		5,066
Expense relating to short-term leases		3,821		3,743
Interest expense on lease liabilities		975		1,015
Expense relating to leases of low-value assets		52		27

b.

The Group as a lessor

The Group entered into non-cancelable lease agreements with both third and related parties. The lease agreements cover leased lines, telecommunication equipment and land and building with terms ranging from 1 to 32 years and with expiry dates between 2024 and 2051. Periods may be extended based on the agreement by both parties.

The minimum amount of future lease payments and receipts for operating lease agreements are as follows:


		2022		2023
Less than 1 year		2,582		5,099
1-5 years		8,354		9,412
More than 5 years		5,107		5,098
Total		16,043		19,609