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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
8. INTANGIBLE ASSETS (continued)
Company
Balance
as at
1.1.2014 Additions Written off
Reclassifi-
cation
Amortisation
charge for
the financial
year
Balance
as at
31.12.2014
RM
RM
RM
RM
RM
RM
Carrying amount
Completed development
costs
2,053,751
-
(852,939)
1,213,584 (1,017,976)
1,396,420
Development-in-progress
1,213,584
271,122
-
(1,213,584)
-
271,122
3,267,335
271,122 (852,939)
-
(1,017,976)
1,667,542
At 31.12.2014
Cost
Accumulated
amortisation
Carrying
amount
Company
RM
RM
RM
Completed development costs
13,047,410 (11,650,990)
1,396,420
Development-in-progress
271,122
-
271,122
13,318,532 (11,650,990)
1,667,542
(a) Intangibleasset representsproprietary softwaredeveloped internally. Thecosts 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 RM652,368 (2014: RM1,084,084) and RM10,546 (2014: RM109,362) respectively.
9. GOODWILL
Group
Balance
as at
1.1.2015 Additions
Balance
as at
31.12.2015
RM
RM
RM
Carrying amount
Goodwill
105,629,787
- 105,629,787
At 31.12.2015
Cost
Accumulated
impairment
Carrying
amount
RM
RM
RM
Goodwill
108,597,816 (2,968,029) 105,629,787