100
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
8. INTANGIBLE ASSETS (continued)
Company
Balance
as at
1.1.2013 Additions
Amortisation
charge for
the financial
year
Balance
as at
31.12.2013
Carrying amount
RM
RM
RM
RM
Completed development costs
2,843,751
-
(790,000)
2,053,751
Development-in-progress
-
1,213,584
-
1,213,584
2,843,751 1,213,584
(790,000)
3,267,335
At 31.12.2013
Cost
Accumulated
amortisation
Carrying
amount
Company
RM
RM
RM
Completed development costs
12,900,000 (10,846,249)
2,053,751
Development-in-progress
1,213,584
-
1,213,584
14,113,584 (10,846,249)
3,267,335
(a) Intangibleasset represents proprietary softwaredeveloped internally. Thecost incurredondevelopment
projects are recognised as intangible asset when it is probable that the projects have commercial and
technological feasibility, and only if the cost can be measured reliably. Development costs that have
been capitalised are amortised from the commencement of the commercial production on a straight-
line basis over the period of its expected useful life, not exceeding 10 years.
(b) Included in the additions of intangible assets of the Group and of the Company are employee benefits
capitalised amounting to RM1,084,084 (2013: RM1,124,647) and RM109,362 (2013: RM401,504).
9. GOODWILL
Group
Balance
as at
1.1.2014
Acquisitions
of subsidiaries
(Note 10)
Balance
as at
31.12.2014
Carrying amount
RM
RM
RM
Goodwill
- 105,629,787 105,629,787
At 31.12.2014
Cost
Accumulated
impairment
Carrying
amount
Group
RM
RM
RM
Goodwill
108,597,816 (2,968,029) 105,629,787
