GHL System Berhad Annual Report 2020

114 G H L S y s t e m S B e r h a d 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 14. INTANGIBLE ASSETS Group 2020 Balance as at 1.1.2020 Additions Reclassification Amortisation charge for the financial year Balance as at 31.12.2020 RM RM RM RM RM Carrying amount Completed development costs 1,433,409 - - (264,671) 1,168,738 1,433,409 - - (264,671) 1,168,738 Group As at 31.12.2020 Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,546,711 (14,377,973) 1,168,738 Group 2019 Balance as at 1.1.2019 Additions Reclassification Amortisation charge for the financial year Balance as at 31.12.2019 RM RM RM RM RM Carrying amount Completed development costs 1,583,012 - 115,068 (264,671) 1,433,409 Development-in-progress 114,217 851 (115,068) - - 1,697,229 851 - (264,671) 1,433,409 Group As at 31.12.2019 Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,546,711 (14,113,302) 1,433,409