198 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 17. RIGHT-OF-USE ASSETS (Contd.) Assets held under hire purchase During the financial year, the Group acquired motor vehicles classified as property, plant and equipment with an aggregate cost of RM1,989,000 (2021: RM156,000) of which none of the amount (2021: RMNil) were acquired by means of hire purchase respectively. These assets were paid for in cash. The carrying amount of motor vehicles of the Group under hire purchase as at 31 December 2022 was RM356,000 (2021: RM699,000). Group as a lessor Future minimum rentals receivable under non-cancellable operating leases are as follows: Group Office building 2022 RM’000 2021 RM’000 Operating lease Within one year 1,084 1,543 After one year but not more than five years 129 1,000 1,213 2,543 The rental income arising from this arrangement is RM1,855,000 (2021: RM1,585,000) as disclosed in Note 8. 18. INVESTMENT PROPERTIES Group Apartments RM’000 Cost: At 1 January 2022 - Additions 3,211 At 31 December 2022 3,211 Accumulated depreciation: At 1 January 2022 - Charge for the year (Note 10) 30 At 31 December 2022 30 Accumulated impairment: At 1 January 2022 - Charge for the year (Note 10) 592 592 At 31 December 2021 - At 31 December 2022 2,589
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