ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 175 14. RIGHT-OF-USE ASSETS Office premises Equipment Total US$’000 US$’000 US$’000 31 December 2022 At 1 January 2022: Cost 25,552 3,517 29,069 Accumulated depreciation (19,486) (643) (20,129) Net carrying amount 6,066 2,874 8,940 At 1 January 2022, net of accumulated depreciation 6,066 2,874 8,940 Additions 25,590 33 25,623 Acquisition of subsidiaries 14,738 — 14,738 Depreciation provided during the year (11,858) (155) (12,013) Disposals (2,680) — (2,680) Modifications (2,652) — (2,652) Exchange realignment (575) (382) (957) At 31 December 2022, net of accumulated depreciation 28,629 2,370 30,999 At 31 December 2022: Cost 67,081 3,080 70,161 Accumulated depreciation (38,452) (710) (39,162) Net carrying amount 28,629 2,370 30,999 31 December 2021 At 1 January 2021: Cost 23,049 3,498 26,547 Accumulated depreciation (13,553) (519) (14,072) Net carrying amount 9,496 2,979 12,475 At 1 January 2021, net of accumulated depreciation 9,496 2,979 12,475 Additions 3,482 376 3,858 Depreciation provided during the year (6,360) (179) (6,539) Disposal (250) — (250) Exchange realignment (302) (302) (604) At 31 December 2021, net of accumulated depreciation 6,066 2,874 8,940 At 31 December 2021: Cost 25,552 3,517 29,069 Accumulated depreciation (19,486) (643) (20,129) Net carrying amount 6,066 2,874 8,940 STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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