112 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 14. INTANGIBLE ASSETS Group 2021 Balance as at 1.1.2021 Amortisation charge for the financial year Balance as at 31.12.2021 RM RM RM Carrying amount Completed development costs 1,168,738 (264,672) 904,066 As at 31.12.2021 Group Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,546,711 (14,642,645) 904,066 Group 2020 Balance as at 1.1.2020 Amortisation charge for the financial year Balance as at 31.12.2020 RM RM RM Carrying amount Completed development costs 1,433,409 (264,671) 1,168,738 As at 31.12.2020 Group Cost Accumulated amortisation Carrying amount RM RM RM Completed development costs 15,546,711 (14,377,973) 1,168,738
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