KENANGA ANNUAL REPORT 2019

208 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 18. RIGHT-OF-USE ASSETS (CONT’D.) Bank Building/ total RM’000 2019 Cost Effect of adoption of MFRS 16: At 1 January 2019 23,843 Additions 8,795 Derecognition (29) At 31 December 2019 32,609 Accumulated depreciation At 1 January 2019 - Amortisation for the financial year (Note 33) 8,893 Derecognition (29) At 31 December 2019 8,864 Net carrying amount At 31 December 2019 23,745 Lease Liabilities Group Bank 2019 RM’000 2019 RM’000 As at 1 January- effect of adoption of MFRS 16 23,047 22,157 Acquisition of assets and liabilities of LIB 56 - Addition 9,695 7,167 Accretion of interest 1,236 1,177 Payments (9,576) (7,036) Derecognition (29) (29) As at 31 December 24,429 23,436 The maturity analysis of lease liabilities are disclosed as below: Group Bank 2019 RM 2019 RM Within 1 year 16,961 16,727 Between one and five years 7,468 6,709 24,429 23,436