KENANGA ANNUAL REPORT 2020

212 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 17. INTANGIBLE ASSETS Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Total intangible assets Goodwill (a) 240,782 243,754 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Computer software (d) 21,975 16,548 18,985 15,303 Trading and clearing rights for derivatives broking (e) 416 416 - - Client relationships (f) 2,525 - - - 322,367 317,387 324,394 320,712 (a) Goodwill Cost At beginning of the financial year 279,521 244,521 288,676 288,676 Acquisition of subsidiary - 35,000 - - Reclassified (2,972) - - - At end of the financial year 276,549 279,521 288,676 288,676 Accumulated impairment loss/ amortisation At beginning/end of the financial year 35,767 35,767 35,767 35,767 Net carrying amount 240,782 243,754 252,909 252,909 (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 - -