Yinson Annual Report 2021

248 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 17. Investment properties (continued) The following amounts are recognised in profit or loss in respect of investment properties: Group 2021 2020 RM million RM million Rental income (Note 6) - 1 Direct operating expenses arising from: - Investment properties that generate rental income - 1 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: Valuation technique Significant unobservable input Price per square foot RM/psf 2021 2020 Residential properties Market comparison approach 655 - 1,133 811 - 1,348 Sensitivity to significant unobservable inputs Changes in the price per square foot by 5% are not expected to result in a significant change in fair value of the investment properties of the Group. 18. Intangible assets Computer software Contract rights* Trademark Total Group RM million RM million RM million RM million Cost At 1 February 2019 34 382 - 416 Additions 6 - 1 7 Exchange differences - (1) - (1) At 31 January 2020 and 1 February 2020 40 381 1 422 Additions 3 - - 3 Exchange differences - (6) - (6) At 31 January 2021 43 375 1 419