6. INTANGIBLE ASSETS (CONTINUED) Company Software in progress RM’000 Software RM’000 Total RM’000 Cost At 1 July 2021 – 9 9 Additions 202 19 221 At 30 June 2022/1 July 2022 202 28 230 Additions 827 750 1,577 Reclassification (239) 239 – At 31 December 2023 790 1,017 1,807 Accumulated amortisation At 1 July 2021 – 9 9 Amortisation for the year – 5 5 At 30 June 2022/1 July 2022 – 14 14 Amortisation for the period – 231 231 At 31 December 2023 – 245 245 Carrying amounts At 1 July 2021 – – – At 30 June 2022 202 14 216 At 31 December 2023 790 772 1,562 (a) Development and production assets consist of the rights and concessions of oil and gas licences. This represents the carrying amount of producing field licences in the Anasuria Cluster amounting to approximately RM910,875,000 (30.6.2022: RM930,391,000). (b) Exploration and evaluation assets relate to the exploration costs incurred in the Avalon field. Additions during the financial period mainly included the pre-development cost of the Avalon field. 7. INVESTMENTS IN SUBSIDIARIES Company 31.12.2023 RM’000 30.6.2022 RM’000 At cost Unquoted shares 287,886 287,886 Less: Impairment loss (101,661) (101,661) 186,225 186,225 Financial Statements DAGANG NeXCHANGE BERHAD 232 NOTES TO THE FINANCIAL STATEMENTS
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