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ANNUAL REPORT 2024 121GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2024(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)7. Leases (continued)Group as a lessee (continued)Lease liabilitiesSet out below are the carrying amounts of lease liabilities and the movements during the period:2024 2023$ $As at 1 January 7,215 10,769Additions 334 304Accretion of interest 275 361Modifications (556) %u2013Payments (4,420) (4,219)As at 31 December 2,848 7,215Current 1,928 4,097Non-current 920 3,118 2,848 7,215The Group has no lease contracts that contain variable payments, extensions and termination options. The maturity analysis of lease liabilities is disclosed in Note 25.The following are the amounts recognised in profit or loss:The Group had total cash outflows for leases of $4.4 million in 2024 ($4.2 million in 2023). Group as lessor %u2013 Operating lease commitmentsThe Group is involved in the lease of transmission towers and investment properties. These details are disclosed in Note 23.2024 2023$ $Depreciation expense of right-of-use assets 3,767 3,849Interest expense on lease liabilities 275 361Expense relating to short-term leases 149 140Expense relating to leases of low-value assets 30 25Total amount recognised in profit or loss 4,221 4,375