GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 95 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 13. INTANGIBLE ASSETS Group Balance as at 1.1.2018 Additions Amortisation charge for the financial year Balance as at 31.12.2018 RM RM RM RM Carrying amount Completed development costs 1,836,176 - (253,164) 1,583,012 Development-in-progress 92,987 21,230 - 114,217 1,929,163 21,230 (253,164) 1,697,229 As at 31.12.2018 Cost Accumulated amortisation Carrying amount Group RM RM RM Completed development costs 15,431,643 (13,848,631) 1,583,012 Development-in-progress 114,217 - 114,217 15,545,860 (13,848,631) 1,697,229 Group Balance as at 1.1.2017 Additions Amortisation charge for the financial year Reclassification (Note 12) 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