2020 UEM Edgenta Annual Report

15. INTANGIBLE ASSETS (CONTD.) Company RM’000 Software Software-in- progress Total Cost At 1 January 2019 2,051 12,186 14,237 Additions 9 23,766 23,775 At 31 December 2019 2,060 35,952 38,012 At 1 January 2020 2,060 35,952 38,012 Additions 4,844 3,590 8,434 Disposals (274) – (274) Transfer 39,188 (39,188) – At 31 December 2020 45,818 354 46,172 Accumulated amortisation At 1 January 2019 687 – 687 Amortisation for the year (Note 7) 476 – 476 At 31 December 2019 1,163 – 1,163 At 1 January 2020 1,163 – 1,163 Amortisation for the year (Note 7) 3,742 – 3,742 Disposals (106) – (106) At 31 December 2020 4,799 – 4,799 Net carrying amount At 31 December 2020 41,019 354 41,373 At 31 December 2019 897 35,952 36,849 UEM EDGENTA BERHAD 242 Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020