48 b) Lease liabilities (Unit: Million Baht) Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Lease payments 261 256 241 359 Less: Deferred interest expenses (13) (10) (11) (11) Total 248 246 230 348 Less: Portion due within one year (107) (102) (101) (212) Lease liabilities - net of current portion 141 144 129 136 Movements of the lease liability account during the years ended 31 December 2023 and 2022 are summarised below. (Unit: Million Baht) Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Balance at beginning of year 246 222 348 438 Additions 133 142 120 133 Decrease (11) - (11) - Accretion of interest (9) (5) (8) (5) Repayments (111) (113) (219) (218) Balance at end of year 248 246 230 348 The Group does not face a significant liquidity risk with regard to its lease liabilities. A maturity analysis of lease payments is disclosed in Note 37.2 to consolidated financial statements under the liquidity risk. c) Expenses relating to leases that are recognised in profit or loss (Unit: Million Baht) Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Depreciation expense of right-of-use assets 108 112 213 218 Interest expense on lease liabilities 6 7 8 12 Expense relating to short-term leases 19 15 20 16 Expense relating to leases of low-value assets 44 48 43 47 Expense relating to variable lease payments that do not depend on an index or a rate 36 38 36 38 The Group has lease contracts for office equipment and vehicle that contains variable payments based on usage and distance. The lease term is 5 - 10 years. 341 56-1 ONE REPORT 2023 Notes to the Consolidate Financial Statements
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