NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 6 INVESTMENT PROPERTIES (CONTINUED) Level 1 fair value is derived from quoted price in active markets for identical investment properties that the entity can access at the measurement date. Level 2 fair value is estimated using inputs other than quoted price included within Level 1 that are observable for the investment properties, either directly or indirectly. Level 3 fair value is estimated using unobservable inputs for the investment properties. The unobservable input relates to the price per square feet. The fair value of investment properties were estimated using the comparison method. During the financial year, the Group and the Company carried out a review and noted there was no significant change to the fair value of these properties. 7 GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Trademark Technical know-how Intellectual property Total Group RM’000 RM’000 RM’000 RM’000 RM’000 2022 Cost At 1 January 146,062 275 112 3,380 149,829 Effect of exchange rate changes 6,779 16 - 188 6,983 At 31 December 152,841 291 112 3,568 156,812 Accumulated amortisation and impairment loss At 1 January - - 112 3,380 3,492 Effect of exchange rate changes - - - 188 188 At 31 December - - 112 3,568 3,680 Carrying amount at 31 December 152,841 291 - - 153,132 2021 Cost At 1 January 142,128 208 112 3,270 145,718 Addition - 59 - - 59 Effect of exchange rate changes 3,934 8 - 110 4,052 At 31 December 146,062 275 112 3,380 149,829 Accumulated amortisation and impairment loss At 1 January - - 112 3,270 3,382 Effect of exchange rate changes - - - 110 110 At 31 December - - 112 3,380 3,492 Carrying amount at 31 December 146,062 275 - - 146,337 Annual Report 2022 Wah Seong Corporation Berhad 139
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