MISC - Annual Report 2015

206 REDISCOVER |  REBUILD |  SUSTAIN Notes to the financial statements - 31 December 2015 14. Intangible assets Group Other intangible Goodwill assets Total RM’000 RM’000 RM’000 Cost At 1 January 2014 810,684 504,463 1,315,147 Currency translation differences 42,862 – 42,862 At 31 December 2014/1 January 2015 853,546 504,463 1,358,009 Currency translation differences 167,569 – 167,569 At 31 December 2015 1,021,115 504,463 1,525,578 Accumulated amortisation and impairment At 1 January 2014 2,325 411,289 413,614 Amortisation for the year (Note 5) – 13,076 13,076 At 31 December 2014/1 January 2015 2,325 424,365 426,690 Amortisation for the year (Note 5) – 13,077 13,077 Impairment for the year (Note 5(a)) 160,176 – 160,176 At 31 December 2015 162,501 437,442 599,943 Net carrying amount At 31 December 2014 851,221 80,098 931,319 At 31 December 2015 858,614 67,021 925,635 The other intangible assets relate to the fair value at the date of acquisition of time charter hire contracts arising from acquisition of a subsidiary, and are amortised over the remaining charter period.

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