FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 243 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 21 INTANGIBLE ASSETS (CONTINUED) Group Goodwill RM'000 Brand RM'000 Licenses RM'000 Lease agreement RM'000 Customer relation- ships RM'000 Software RM'000 Intellectual property rights RM'000 Land use rights RM'000 Intangible assets under development RM'000 Total RM'000 Net book value 2015 At 1 January 2015 1,229,194 104,293 800 2,223 10,402 46,656 97,926 - 55,822 1,547,316 Acquisition of subsidiaries (Note 22) - - 13,803 - - - - - - 13,803 Additions - - 11,493 - - 21,787 21,529 1,392 11,024 67,225 Amortisation charge - (3,226) (1,109) (232) (6,538) (16,120) (19,963) - - (47,188) Write offs - - - - - (27) - - - (27) Disposal of a subsidiary - - - - - (497) - - - (497) Impairment charge (12,770) - - - - - (27,473) - - (40,243) Reclassification - - - - - 20,687 - 42,301 (62,988) - Transfer to property, plant and equipment (Note 19) - - - - - (10,155) - - - (10,155) Exchange differences - 14 138 484 1,758 39 7,957 3,398 - 13,788 At 31 December 2015 1,216,424 101,081 25,125 2,475 5,622 62,370 79,976 47,091 3,858 1,544,022 Expected remaining useful lives (years) - 31 December 2015 15-24 2-18 11 1 1-5 8 35 Included in the additions of licenses in the previous financial year was an amount of RM9,778,000 in relation to assets injected by a non-controlling interest as part of its equity contribution.