FINANCIAL STATEMENTS (continued) 87 7. INTANGIBLE ASSETS Development Intellectual Group Goodwill costs Software properties Total RM’000 RM’000 RM’000 RM’000 RM’000 Cost As at 1 September 2020 10,964 2,927 138 18,545 32,574 Additions - - 14 - 14 As at 31 August 2021/ 1 September 2021/ 31 August 2022 10,964 2,927 152 18,545 32,588 Accumulated amortisation and impairment loss As at 1 September 2020 - 1,160 52 7,712 8,924 Charge for the financial year - 292 15 1,115 1,422 Impairment loss recognised during the financial year 533 - - - 533 As at 31 August 2021/ 1 September 2021 533 1,452 67 8,827 10,879 Charge for the financial year - 293 15 1,114 1,422 As at 31 August 2022 533 1,745 82 9,941 12,301 Carrying amount As at 31 August 2021 10,431 1,475 85 9,718 21,709 As at 31 August 2022 10,431 1,182 70 8,604 20,287 (a) Intangible assets are initially measured at cost. After initial recognition, intangible assets, excluding goodwill, are carried at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill recognised in a business combination is an asset at the acquisition date and is initially measured at cost. After initial recognition, goodwill is measured at cost less accumulated impairment losses. (b) Subsumed within goodwill are the brand names and the synergies expected to be achieved from integrating Sanjung Unggul Sdn. Bhd. (“Sanjung Unggul”) and its subsidiaries (“Sanjung Unggul Group”), Distinct Motion Sdn. Bhd. and its subsidiary (“Distinct Motion Group”) and Pinko Creative Sdn. Bhd. (“Pinko Creative”) into the Group’s existing publishing and applied learning products business. 87 ANNUAL REPORT 2022
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