MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 204 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) 12. DEVELOPMENT COSTS The Group The Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 (Restated) Cost:- At 1 January 196,084 20,624 104,977 10,267 Addition during the financial year 243,388 175,460 51,505 94,710 Disposal during the year (70,000) - (70,000) - At 31 December 369,472 196,084 86,482 104,977 Accumulated amortisation:- At 1 January (24,826) (19,770) (12,136) (9,698) Amortisation during the financial year (22,131) (5,056) (8,131) (2,438) At 31 December (46,957) (24,826) (20,267) (12,136) Carrying Amount 322,515 171,258 66,215 92,841 The amortisation charges are recognised in statements of profit or loss and other comprehensive income under the “Other Expenses” line item. Additional development costs with finite useful lives are amortised over a period of 2 to 3 years. Certain development costs are not amortised as these assets are not available for use and are still under development as at the financial year end. The Group The Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Development cost were incurred for the following:- Electronic Government related services 96,883 126,508 56,215 92,841 Blockchain related services 142,008 21,000 10,000 - Healthtech related services 83,025 23,525 - - Other commercial related services 599 225 - - 322,515 171,258 66,215 92,841
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