NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 27. LEASES – AS A LESSEE (CONT’D) Set out below are the carrying amounts of lease liabilities and the movements during the financial year: Group Company $’000 $’000 At 1 January 2024 27,775 1,720 Additions 7,363 – Write-off (24) – Accretion of interest 1,178 44 Payments (10,967) (740) Currency realignment (160) – At 31 December 2024 and 1 January 2025 25,165 1,024 Additions 42,873 – Write-off (150) – Accretion of interest 2,720 26 Payments (14,303) (754) Currency realignment (637) – At 31 December 2025 55,668 296 Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Current 10,837 10,215 289 699 Non-current 44,831 14,950 7 325 55,668 25,165 296 1,024 Effective interest rates The weighted average effective interest rate of the leases is 6.16% and 3.25% per annum (2024: 5.30% and 3.25%) at the balance sheet date for the Group and Company respectively. The following are the amounts recognised in profit or loss: Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Depreciation expense of right-of-use assets 11,675 9,905 545 544 Interest expense on lease liabilities 2,720 1,178 26 44 Expense relating to short-term leases (included in cost of sales and administrative expense) 8,156 4,821 – – Total amount recognised in profit or loss 22,551 15,904 571 588 The Group had total cash outflows for leases of $22,459,000 in 2025 (2024: $15,788,000). The Group has several lease contracts that include extension options. These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the Group’s business needs. Management exercises judgement in determining whether these extension options are reasonably certain to be exercised. 174 CSE GLOBAL LIMITED
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