GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 89 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 12. INTANGIBLE ASSETS Group Balance as at 1.1.2017 Additions Amortisation charge for the financial year Reclassification (Note 11) Balance as at 31.12.2017 RM RM RM RM RM Carrying amount Completed development costs 2,339,933 - (325,657) (178,100) 1,836,176 Development-in-progress 64,996 27,991 - - 92,987 2,404,929 27,991 (325,657) (178,100) 1,929,163 As at 31.12.2017 Cost Accumulated amortisation Carrying amount Group RM RM RM Completed development costs 15,431,643 (13,595,467) 1,836,176 Development-in-progress 92,987 - 92,987 15,524,630 (13,595,467) 1,929,163 Group Balance as at 1.1.2016 Additions Written off Amortisation charge for the financial year Balance as at 31.12.2016 RM RM RM RM RM Carrying amount Completed development costs 3,351,224 - (314,249) (697,042) 2,339,933 Development-in-progress - 64,996 - - 64,996 3,351,224 64,996 (314,249) (697,042) 2,404,929 As at 31.12.2016 Cost Accumulated amortisation Carrying amount Group RM RM RM Completed development costs 15,609,743 (13,269,810) 2,339,933 Development-in-progress 64,996 - 64,996 15,674,739 (13,269,810) 2,404,929