Wah Seong Corporation Berhad Annual Report 2020

124 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 6 INVESTMENT PROPERTIES (CONTINUED) Level 1 fair value is derived from quoted price in active markets for identical investment properties that the entity can access at the measurement date. Level 2 fair value is estimated using inputs other than quoted price included within Level 1 that are observable for the investment properties, either directly or indirectly. Level 3 fair value is estimated using unobservable inputs for the investment properties. The unobservable input relates to the price per square feet. The fair value of investment properties were estimated using the comparison method. During the financial year, the Group and the Company carried out a review and noted there was no significant change to the fair value of these properties. 7 GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Trademark Technical know-how Intellectual property Total Group RM’000 RM’000 RM’000 RM’000 RM’000 2020 Cost At 1 January 143,803 211 112 3,314 147,440 Disposal of a subsidiary (79) - - - (79) Effect of exchange rate changes (1,596) (3) - (44) (1,643) At 31 December 142,128 208 112 3,270 145,718 Accumulated amortisation and impairment loss At 1 January - - 112 3,314 3,426 Effect of exchange rate changes - - - (44) (44) At 31 December - - 112 3,270 3,382 Carrying amount at 31 December 142,128 208 - - 142,336 2019 Cost At 1 January 145,191 213 112 3,353 148,869 Effect of exchange rate changes (1,388) (2) - (39) (1,429) At 31 December 143,803 211 112 3,314 147,440 Accumulated amortisation and impairment loss At 1 January - - 112 3,353 3,465 Effect of exchange rate changes - - - (39) (39) At 31 December - - 112 3,314 3,426 Carrying amount at 31 December 143,803 211 - - 144,014