NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C2 Right-of-use assets The Group leases many assets including land, vehicles, machinery and IT equipment. Information about leases for which the Group is a lessee is presented below. Group Leasehold land Wharves, floating docks and boats Plant and machinery Production tools and equipment Furniture, fittings, office equipment and others* Total $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2024 623,728 1,141 11,763 488 13,989 651,109 Additions 26,219 – 1,087 1,020 7,523 35,849 Acquisition of subsidiary 2,852 – – – – 2,852 Modifications of lease 9,215 – (373) 12 44 8,898 Lease termination (163) – (2,861) – (69) (3,093) Depreciation charge (83,034) (596) (3,175) (596) (7,997) (95,398) Translation difference 4,003 – 21 1 1,012 5,037 At 31 December 2024 582,820 545 6,462 925 14,502 605,254 At 1 January 2023 554,049 1,737 14,860 187 10,959 581,792 Additions 117,004 – 565 617 11,092 129,278 Modifications of lease 82,727 – 18 (6) (67) 82,672 Lease termination (50,192) – (33) – (845) (51,070) Depreciation charge (78,191) (596) (3,641) (311) (7,099) (89,838) Translation difference (1,669) – (6) 1 (51) (1,725) At 31 December 2023 623,728 1,141 11,763 488 13,989 651,109 * Others comprise transportation equipment, vehicles, and satellites. 167 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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