KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 192 KENANGA INVESTMENT BANK BERHAD 18. INTANGIBLE ASSETS Group Bank 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Total intangible assets Goodwill (a) 208,754 208,754 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Computer software (d) 383 575 - - Trading and clearing rights for derivatives broking (e) 416 416 - - At end of the financial year 266,222 266,414 305,409 305,409 (a) Goodwill Cost At beginning of the financial year 244,521 244,521 288,676 288,676 Accumulated impairment loss - at beginning/end of the financial year (35,767) (35,767) (35,767) (35,767) At end of the financial year 208,754 208,754 252,909 252,909 (b) Merchant banking licence Cost At beginning/end of the financial year 52,500 52,500 52,500 52,500 (c) Fund management contracts Cost At beginning/end of the financial year 4,169 4,169 - - (d) Computer software Cost At beginning of the financial year 4,859 5,717 2,281 2,281 Additions 21 200 - - Disposals/write-off - (1,058) - - At end of the financial year 4,880 4,859 2,281 2,281