MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 18 RIGHT-OF-USE ASSETS (CONTINUED) Total cash outflow for leases of the Company is as follows: Company 2019 2018 RM’000 RM’000 Rental of short term assets 20 - Principal payments of lease liabilities 789 908 Interest payment of lease liabilities 117 157 926 1,065 * See Note 17 to the financial statements for details of impairment assessment. 19 INTANGIBLE ASSETS Group Company Net book value Goodwill Brand Software Total Software RM’000 RM’000 RM’000 RM’000 RM’000 2019 As at 1 January 2019 576,240 55,943 7,977 640,160 5,948 Additions - - 586 586 571 Write-offs - - (1,086) (1,086) (1,080) Amortisation charge for the financial year - (4,662) (4,060) (8,722) (1,778) Impairment charge for the financial year* - - (179) (179) - As at 31 December 2019 576,240 51,281 3,238 630,759 3,661 2018 As at 1 January 2018 576,240 59,169 9,163 644,572 4,965 Additions - - 2,468 2,468 2,468 Amortisation charge for the financial year - (3,226) (3,654) (6,880) (1,485) As at 31 December 2018 576,240 55,943 7,977 640,160 5,948 179 FINANCIAL STATEMENTS 08