Annual Report 2021

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2021 117 The United Laboratories International Holdings Limited Annual Report 2021 27. LEASE LIABILITIES 2021 2020 RMB’000 RMB’000 Lease liabilities payable: Within one year 3,871 1,686 Within a period of more than one year but not more than two years 3,604 – Within a period of more than two years but not exceeding five years 3,166 – Within a period of more than five years 355 – 10,996 1,686 Less: Amount due for settlement with 12 months shown under current liabilities (3,871) (1,686) Amount due for settlement after 12 months shown under non-current liabilities 7,125 – The weighted average incremental borrowing rates applied to lease liabilities at 6.32% (2020: 6.25%).