238 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 33. TRADE AND OTHER PAYABLES (Contd.) The currency exposure profile of trade and other payables are as follows: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Ringgit Malaysia 431,762 298,142 20,232 12,692 Chinese Renminbi 3,957 1,364 - - US Dollar 302 5,301 - - Thai Baht 2,817 2,174 - - Singapore Dollar 605 10,643 - - Libyan Dinar 660 654 - - Euro Dollar 522 - - - Brazil 1,636 - - - Others 167 128 - - 442,428 318,406 20,232 12,692 34. SERVICE CONCESSION OBLIGATIONS Group 2022 RM’000 2021 RM’000 Minimum lease payments: - Within one year 376,647 372,581 - Between two to five years - 322,435 Total minimum lease payments 376,647 695,016 Less: Future finance charges (3,866) (16,415) Present value of minimum lease payments 372,781 678,601 Present value of payments: - Within one year 372,781 360,025 - Between two to five years - 318,576 Present value of minimum lease payments 372,781 678,601 Less: Amount due within 12 months (372,781) (360,025) Amount due after 12 months - 318,576 Service concession obligations are in respect of the lease rental payable in accordance with the Facility Agreement entered into with PAAB for the right to use, occupy and operate the water related assets belonging to PAAB. The weighted average effective interest rates per annum for the lease rental payable as at reporting date is 2.88% (2021: 2.88%).
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