Page 338 - MSM_AIR2021

336 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

19 INTANGIBLE ASSETS
Group Company
Net book value Goodwill Brand Software Total Software
RM’000 RM’000 RM’000 RM’000 RM’000
2021
As at 1 January 2021 576,240 86,033 14,555 676,828 8,107
Additions - - 1,763 1,763 326
Disposal of a subsidiary - - (1,278) (1,278) -
As at 31 December 2021 576,240 86,033 15,040 677,313 8,433

Accumulated amortisation
As at 1 January 2021 - 37,978 13,559 51,537 5,893
Charge for the financial year - 3,226 1,464 4,690 1,424
Disposal of a subsidiary - - (1,099) (1,099) -
As at 31 December 2021 - 41,204 13,924 55,128 7,317

Accumulated Impairment
As at 1 January 2021 - - 179 179 -
Disposal of a subsidiary - - (179) (179) -
As at 31 December 2021 - - - - -

Net Book Value
As at 31 December 2021 576,240 44,829 1,116 622,185 1,116

2020
As at 1 January 2020 576,240 86,033 14,493 676,766 8,080
Additions - - 596 596 561
Write-offs - - (534) (534) (534)
As at 31 December 2020 576,240 86,033 14,555 676,828 8,107
Accumulated amortisation
As at 1 January 2020 - 34,752 11,076 45,828 4,419
Charge for the financial year - 3,226 2,483 5,709 1,474
As at 31 December 2020 - 37,978 13,559 51,537 5,893
Accumulated Impairment
As at 31 December 2020 - - 179 179 -
Net Book Value
As at 31 December 2020 576,240 48,055 817 625,112 2,214