KENANGA ANNUAL REPORT 2020

213 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 17. INTANGIBLE ASSETS (CONT’D.) Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 (d) Computer software Cost At beginning of the financial year 46,454 4,880 41,148 2,281 Transfer from property, plant and equipment 2,070 34,216 2,070 34,216 Acquisition of subsidiary - 2,657 - - Additions 8,014 4,701 5,874 4,651 Disposals/write-off (1,430) - (1,430) - At end of the financial year 55,108 46,454 47,662 41,148 Accumulated amortisation At beginning of the financial year 29,906 4,497 25,845 2,281 Transfer from property, plant and equipment - 19,534 - 19,534 Acquisition of subsidiary - 1,570 - - Amortisation (Note 33) 4,654 4,305 4,259 4,030 Disposals/write-off (1,427) - (1,427) - At end of the financial year 33,133 29,906 28,677 25,845 Net carrying amount 21,975 16,548 18,985 15,303 (e) Trading and clearing rights for derivatives broking Cost At beginning/end of the financial year 416 416 - - (f) Client relationships At beginning of the financial year - - - - Reclassified * 2,972 - - - Amortisation (447) - - - At end of the financial year 2,525 - - - * In the prior year, the Group acquired 100% equity interest in Libra Invest Berhad (“Libra Invest”). Provisional amounts of assets and liabilities recognised in the prior year are as follows: 2019 RM’000 Net assets 15,616 Provision goodwill 35,000 Consideration paid 50,616