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ANNUAL REPORT 2021 243
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION
15. LeAses (cONT’D.)
15.1 Group and the Bank as a lessee (cont’d.)
(b) Lease payments not recognised as a liability
The Group and the Bank have elected not to recognise a lease liability for short term leases (leases with an
expected term of twelve (12) months or less) or for leases of low value assets. Payments made under such leases
are expensed on a straight-line basis.
The expenses relating to payments not included in the measurement of the lease liability during the financial
period is as follows:
Group and Bank
2021 2020
rM’000 rM’000
Expenses relating to leases of low-value assets
(included in administrative expenses) 2,010 268
As at the reporting date, the Group and the Bank were committed to low-value assets and the total commitment
was RM446,921 (2020: RM255,347).
(c) As at the reporting date, the Group’s and the Bank’s total future cash outflows for leases that had not yet
commenced is nil.
