| | | | | | | December 31,
2024 | | December 31,
2023 | | | US$(000) | | US$(000) | | | | | | Balance at beginning of the year | | 59,592 | | 63,125 | Additions | | 1,416 | | 3,946 | Accrued interest (see Note 18) | | 3,320 | | 3,685 | Payments | | (10,398) | | (7,423) | Interest payments | | (3,320) | | (3,685) | Exchange rate effect | | 13 | | (56) | | | | | | Total lease liabilities | | 50,623 | | 59,592 |
For the years ended December 31, 2024 and 2023, the following amounts are recognized in the statements of comprehensive income: | | | | | | | 2024 | | 2023 | | | US$(000) | | US$(000) | | | | | | Expenses related to variable lease payments, low-value and short-term leases | | 19,775 | | 17,755 | Depreciation charge of right-of-use assets (see Note 7(b) and 15) | | 11,152 | | 11,117 | Interest expense on lease liabilities (see Note 18) | | 3,320 | | 3,685 | | | | | | | | 34,247 | | 32,557 |
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