27. LEASE LIABILITIES Land Equipment Motor vehicles Dormitories/ Office Total $’000 $’000 $’000 $’000 $’000 Group Balance at 1 October 2024 4,116 354 208 77 4,755 Additions 14 – 19 – 33 Interest expenses (Note 6) 138 16 12 1 167 Repayment during the financial year – Principal portion (467) (84) (54) (77) (682) – Interest portion (138) (16) (12) (1) (167) Balance at 30 September 2025 3,663 270 173 – 4,106 Land Equipment Motor Vehicles Dormitories/ Office Total $’000 $’000 $’000 $’000 $’000 Group Balance at 1 October 2023 4,573 429 129 1,812 6,943 Additions 29 – 146 – 175 Interest expense (Note 6) 158 19 8 44 229 Repayment during the financial year – Principal portion (486) (75) (67) (1,735) (2,363) – Interest portion (158) (19) (8) (44) (229) Balance at 30 September 2024 4,116 354 208 77 4,755 The maturity analysis of lease liabilities of the Group and the Company at the end of the reporting period are as follows: 2025 2024 $’000 $’000 Group Contractual undiscounted cash flows – Not later than one financial year 584 810 – After one financial year but within five financial years 2,121 2,714 – More than five financial years 2,119 2,118 4,824 5,642 Less: Future interest expense (718) (887) Present value of lease liabilities 4,106 4,755 Presented in statements of financial position – Non-current 447 635 – Current 3,659 4,120 4,106 4,755 The Group leases land, equipment, dormitories and warehouse in Singapore. As at 30 September 2025, the average incremental borrowing rate applied in the lease were 4.6% (2024: 4.6%). As at 30 September 2025, the Group leased certain motor vehicles under finance lease and the average discount rate implicit in finance lease was 5.4% (2024: 5.4%). Interest rates are fixed at the contract date. All finance leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. The Group’s lease liabilities of $173,000 (2024: $208,000) were secured over motor vehicles (Note 11). The details for right-of-use assets are disclosed in Note 11. The lease liabilities are denominated in Singapore dollar. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 112 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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