MSM Malaysia Holdings Berhad Annual Report 2020

19 INTANGIBLE ASSETS Group Company Net book value Goodwill Brand Software Total Software RM’000 RM’000 RM’000 RM’000 RM’000 2020 As at 1 January 2020 576,240 51,281 3,238 630,759 3,661 Additions - - 596 596 561 Write-offs - - (534) (534) (534) Amortisation charge for the financial year - (3,226) (2,483) (5,709) (1,474) As at 31 December 2020 576,240 48,055 817 625,112 2,214 2019 As at 1 January 2019 576,240 55,943 7,977 640,160 5,948 Additions - - 586 586 571 Write-offs - - (1,086) (1,086) (1,080) Amortisation charge for the financial year - (4,662) (4,060) (8,722) (1,778) Impairment charge for the financial year* - - (179) (179) - As at 31 December 2019 576,240 51,281 3,238 630,759 3,661 2020 Cost 576,240 86,033 14,555 676,828 8,107 Accumulated amortisation - (37,978) (13,559) (51,537) (5,893) Accumulated impairment - - (179) (179) - Net book value 576,240 48,055 817 625,112 2,214 2019 Cost 576,240 86,033 14,493 676,766 8,080 Accumulated amortisation - (34,752) (11,076) (45,828) (4,419) Accumulated impairment* - - (179) (179) - Net book value 576,240 51,281 3,238 630,759 3,661 * Impairment loss charged in the previous financial year was as a result of the Group’s rationalisation plan. MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 193 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING