Page 195 - MSM_AR2020

SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

19 INTANGIBLE ASSETS
Group Company
Net book value Goodwill Brand Software Total Software
RM’000 RM’000 RM’000 RM’000 RM’000

2020
As at 1 January 2020 576,240 51,281 3,238 630,759 3,661
Additions - - 596 596 561
Write-offs - - (534) (534) (534)
Amortisation charge for the financial year - (3,226) (2,483) (5,709) (1,474)
193
As at 31 December 2020 576,240 48,055 817 625,112 2,214

2019

As at 1 January 2019 576,240 55,943 7,977 640,160 5,948
Additions - - 586 586 571
Write-offs - - (1,086) (1,086) (1,080)
Amortisation charge for the financial year - (4,662) (4,060) (8,722) (1,778)
Impairment charge for the financial year* - - (179) (179) -
As at 31 December 2019 576,240 51,281 3,238 630,759 3,661 MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020

2020
Cost 576,240 86,033 14,555 676,828 8,107
Accumulated amortisation - (37,978) (13,559) (51,537) (5,893)
Accumulated impairment - - (179) (179) -
Net book value 576,240 48,055 817 625,112 2,214

2019
Cost 576,240 86,033 14,493 676,766 8,080
Accumulated amortisation - (34,752) (11,076) (45,828) (4,419)
Accumulated impairment* - - (179) (179) -

Net book value 576,240 51,281 3,238 630,759 3,661

* Impairment loss charged in the previous financial year was as a result of the Group’s rationalisation plan.