Annual Report 2024

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2024 101 The United Laboratories International Holdings Limited Annual Report 2024 18. RIGHT-OF-USE ASSETS Leasehold Leased Motor lands properties vehicles Total RMB’000 RMB’000 RMB’000 RMB’000 At 1 January 2023 249,016 4,913 1,657 255,586 Additions 143,645 3,368 – 147,013 Depreciation (7,921) (2,320) (1,657) (11,898) At 31 December 2023 384,740 5,961 – 390,701 Additions 60,386 4,050 12,244 76,680 Depreciation (11,053) (2,671) (2,454) (16,178) Disposal – (403) – (403) At 31 December 2024 434,073 6,937 9,790 450,800 2024 2023 RMB’000 RMB’000 Total cash outflow for leases 66,411 141,003 For the years ended 31 December 2024 and 2023, the Group leases staff quarters, office buildings and vehicles for its operations. Lease contracts are entered into for fixed term of 3 years to 10 years. In addition, the Group owns several industrial buildings where its manufacturing facilities are primarily located and office buildings. The Group is the registered owner of these property interests, including the underlying leasehold lands. Lump sum payments were made upfront to acquire these property interests. The leasehold land components of these owned properties are presented separately only if the payments made can be allocated reliably.