Yinson Annual Report 2020

258 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 17. Investment properties (continued) The Group uses assumptions that are based on market conditions existing at the end of each reporting period. The fair value of investment properties were estimated by management based on market evidence of transaction prices for similar properties, adjusted for differences in key attributes such as property size, view and quality of interior fittings. Fair value is determined using Level 3 inputs (defined as unobservable inputs for asset or liability) in the fair value hierarchy of MFRS 13 Fair Value Measurement (Note 40(a)). Changes in fair value are recognised in profit or loss during the reporting period in which they are reviewed. The fair value measurements using Level 3 inputs are as follows: Significant unobservable input Valuation technique Price per square foot RM/psf 2020 2019 Residential properties Market comparison approach 811 - 1,348 813 - 1,272 Sensitivity to significant unobservable inputs Changes in the price per square foot by 5% will result in a change in fair value of approximately RM478,000 (2019: RM1,225,000). 18. Intangible assets Computer software Contract rights* Trademark Total Group RM’000 RM’000 RM’000 RM’000 Cost At 1 February 2018 31,905 - - 31,905 Acquisition of a subsidiary 4 - - 4 Additions 456 382,131 - 382,587 Exchange differences 949 - - 949 At 31 January 2019 and 1 February 2019 33,314 382,131 - 415,445 Additions 6,463 - 541 7,004 Disposals (5) - - (5) Exchange differences (62) (681) - (743) At 31 January 2020 39,710 381,450 541 421,701