2019 UEM Edgenta Annual Report

199 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 16. INTANGIBLE ASSETS Goodwill Customer contracts Customer relationships Software and other development cost Software-in- progress Total RM’000 Note a RM’000 Note b RM’000 Note b RM’000 Note c RM’000 RM’000 Group Cost At 1 January 2018 533,648 33,996 173,375 44,346 - 785,365 Additions - - - 7,318 12,186 19,504 Exchange difference 427 - 207 5 - 639 At 31 December 2018 534,075 33,996 173,582 51,669 12,186 805,508 Additions - - - 1,296 23,766 25,062 Written off - - - (53) - (53) Exchange difference 643 - 313 1 - 957 At 31 December 2019 534,718 33,996 173,895 52,913 35,952 831,474 Accumulated amortisation and impairment At 1 January 2018 - 3,838 19,113 28,003 - 50,954 Amortisation during the year (Note 7) - 2,193 17,825 2,335 - 22,353 Exchange difference - - 267 7 - 274 At 31 December 2018 - 6,031 37,205 30,345 - 73,581 Amortisation during the year (Note 7) - 2,193 18,086 3,278 - 23,557 Written off - - - (49) - (49) Exchange difference - - 77 4 - 81 At 31 December 2019 - 8,224 55,368 33,578 - 97,170 Net carrying amount At 31 December 2019 534,718 25,772 118,527 19,335 35,952 734,304 At 31 December 2018 534,075 27,965 136,377 21,324 12,186 731,927