GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 114 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 14. INTANGIBLE ASSETS Group 2019 Balance as at 1.1.2019 Additions Reclassification Amortisation charge for the financial year Balance as at 31.12.2019 RM RM RM RM RM Carrying amount Completed development costs 1,583,012 - 115,068 (264,671) 1,433,409 Development-in-progress 114,217 851 (115,068) - - 1,697,229 851 - (264,671) 1,433,409 As at 31.12.2019 Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,546,711 (14,113,302) 1,433,409 Group 2018 Balance as at 1.1.2018 Additions Amortisation charge for the financial year Balance as at 31.12.2018 RM RM RM RM Carrying amount Completed development costs 1,836,176 - (253,164) 1,583,012 Development-in-progress 92,987 21,230 - 114,217 1,929,163 21,230 (253,164) 1,697,229 As at 31.12.2018 Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,431,643 (13,848,631) 1,583,012 Development-in-progress 114,217 - 114,217 15,545,860 (13,848,631) 1,697,229