GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 90 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 12. INTANGIBLE ASSETS (CONTINUED) (cont’d) Company Balance as at 1.1.2017 Additions Amortisation charge for the financial year Balance as at 31.12.2017 RM RM RM RM Carrying amount Completed development costs 175,694 - (87,233) 88,461 Development-in-progress 64,996 27,991 - 92,987 240,690 27,991 (87,233) 181,448 As at 31.12.2017 Cost Accumulated amortisation Carrying amount Company RM RM RM Completed development costs 13,047,410 (12,958,949) 88,461 Development-in-progress 92,987 - 92,987 13,140,397 (12,958,949) 181,448 Company Balance as at 1.1.2016 Additions Written off Amortisation charge for the financial year Balance as at 31.12.2016 RM RM RM RM RM Carrying amount Completed development costs 850,405 - (222,228) (452,483) 175,694 Development-in-progress - 64,996 - - 64,996 850,405 64,996 (222,228) (452,483) 240,690 As at 31.12.2016 Cost Accumulated amortisation Carrying amount Company RM RM RM Completed development costs 13,047,410 (12,871,716) 175,694 Development-in-progress 64,996 - 64,996 13,112,406 (12,871,716) 240,690