28 LEASES (continued) Right-of-use assets Right-of-use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see note 5). Group Company $’000 $’000 Land and buildings At 1 January 2023 533 533 Depreciation charge for the year (320) (320) At 31 December 2023 213 213 Additions to right-of-use assets 54,560 1,666 Depreciation charge for the year (2,205) (324) Translation differences (278) – At 31 December 2024 52,290 1,555 Lease liabilities Group Company 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Non-current liabilities Lease liabilities 46,228 – 1,268 – Current liabilities Lease liabilities 6,994 223 301 223 53,222 223 1,569 223 Terms and debt repayment schedule Terms and conditions of outstanding lease liabilities are as follows: 2024 2023 Currency Nominal interest rate per annum Year of maturity Face value Carrying amount Face value Carrying amount % $’000 $’000 $’000 $’000 Group Lease liabilities SGD 5.91 2029 1,799 1,569 226 223 Lease liabilities RMB 3.95 – 5.00 2027 – 2042 67,042 51,653 – – 68,841 53,222 226 223 Company Lease liabilities SGD 5.91 2029 1,799 1,569 226 223 The Group’s and the Company’s exposures to liquidity and interest rate risks related to lease liabilities are disclosed in note 23. Notes to the Financial Statements Year ended 31 December 2024 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 227 ANNUAL REPORT 2024
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