281 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 17. Investment properties (continued) Fair value is determined using Level 3 inputs (defined as unobservable inputs for asset or liability) in the fair value hierarchy of MFRS 13 Fair Value Measurement (Note 39(a)). Changes in fair value are recognised in profit or loss during the reporting period in which they are reviewed. The fair value measurements using Level 3 inputs are as follows: Valuation technique Significant unobservable input Price per square foot RM/psf 2022 2021 Residential properties Market comparison approach 655 - 1,133 655 - 1,133 Sensitivity to significant unobservable inputs Changes in the price per square foot by 5% are not expected to result in a significant change in fair value of the investment properties of the Group. 18. Intangible assets Computer software Contract rights* Trademark Total Group RM million RM million RM million RM million Cost At 1 February 2020 40 381 1 422 Additions 3 - - 3 Exchange differences - (6) - (6) At 31 January 2021 and 1 February 2021 43 375 1 419 Additions 1 - - 1 Exchange differences 1 15 - 16 At 31 January 2022 45 390 1 436 Accumulated amortisation At 1 February 2020 19 8 - 27 Amortisation (Note 7 & Note 9) 7 49 - 56 Exchange differences - (2) - (2) At 31 January 2021 and 1 February 2021 26 55 - 81 Amortisation (Note 7 & Note 9) 6 49 - 55 Exchange differences 1 2 - 3 At 31 January 2022 33 106 - 139 Net carrying amount At 31 January 2021 17 320 1 338 At 31 January 2022 12 284 1 297 * Contract rights recognised pursuant to the consideration paid for the novation of a charter contract involving provision of EPCIC and leasing of FPSO Helang.
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