Sasbadi Annual Report 2019

PAGE 95 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 4. Investment properties (continued) Level 3 fair value The following table shows the valuation techniques used in the determination of fair values within level 3, as well as the significant unobservable inputs used in the valuation models. Description of valuation techniques and inputs used Significant unobservable inputs Inter-relationship between significant unobservable inputs and fair value measurements Sales comparison method: Entails recent transactions and asking prices of similar property in and around the locality for comparison purposes with adjustment made for differences in location, physical characteristics, time element, if any and other relevant characteristics to arrive at the market value. Price per square foot (RM138 to RM610) The estimated fair value would increase if the price per square foot is higher. 5. Intangible assets Group Goodwill Development costs Software Intellectual properties Total Note RM’000 RM’000 RM’000 RM’000 RM’000 Cost At 1 September 2017 10,786 1,570 120 18,545 31,021 Additions - 969 3 - 972 Acquisitions through business combinations 29 178 - - - 178 At 31 August 2018/ 1 September 2018 10,964 2,539 123 18,545 32,171 Additions - 388 - - 388 At 31 August 2019 10,964 2,927 123 18,545 32,559 Accumulated amortisation At 1 September 2017 - 422 14 4,368 4,804 Charge for the year - 165 12 1,115 1,292 At 31 August 2018/ 1 September 2018 - 587 26 5,483 6,096 Charge for the year - 280 12 1,115 1,407 At 31 August 2019 - 867 38 6,598 7,503 Carrying amount At 1 September 2017 10,786 1,148 106 14,177 26,217 At 31 August 2018/ 1 September 2018 10,964 1,952 97 13,062 26,075 At 31 August 2019 10,964 2,060 85 11,947 25,056 Note 5.1 Note 5.2