Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 137 6. INTANGIBLE ASSETS Software Development Licence Group in progress Software expenditure and others Total RM’000 RM’000 RM’000 RM’000 RM’000 Cost At 1 January 2018 3,432 17,323 315 48,106 69,176 Additions 4,093 500 - 4,718 9,311 Adjustment (1,000) - - - (1,000) At 31 December 2018/1 January 2019 6,525 17,823 315 52,824 77,487 Additions 11,171 634 - - 11,805 Written off - (73) - - (73) Reclassification (7,028) 7,028 - - - Adjustment (76) - - - (76) At 31 December 2019 10,592 25,412 315 52,824 89,143 Accumulated amortisation and impairment loss At 1 January 2018 Accumulated amortisation - 15,173 315 8,808 24,296 Accumulated impairment loss - 192 - - 192 - 15,365 315 8,808 24,488 Amortisation for the year - 1,495 - 9,571 11,066 At 31 December 2018/1 January 2019 Accumulated amortisation - 16,668 315 18,379 35,362 Accumulated impairment loss - 192 - - 192 - 16,860 315 18,379 35,554 Amortisation for the year - 2,222 - 9,519 11,741 Written off - (73) - - (73) Accumulated amortisation - 18,817 315 27,898 47,030 Accumulated impairment loss - 192 - - 192 At 31 December 2019 - 19,009 315 27,898 47,222 Carrying amounts At 1 January 2018 3,432 1,958 - 39,298 44,688 At 31 December 2018 6,525 963 - 34,445 41,933 At 31 December 2019 10,592 6,403 - 24,926 41,921