MKH Annual Report 2019

153 M K H B e r h a d 11. INTANGIBLE ASSETS The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Goodwill (Note 11.1) 5,214,288 4,915,669 5,548,038 Other intangible asset (Note 11.2) 25,234,391 21,438,080 16,466,647 Net carrying amount 30,448,679 26,353,749 22,014,685 11.1 Goodwill The Group 2019 2018 RM RM Goodwill on acquisition - At cost At beginning of year 5,019,897 5,652,266 Effect of movements in exchange rate 298,619 (632,369) At end of year 5,318,516 5,019,897 Accumulated impairment loss At beginning and end of year (104,228) (104,228) Net carrying amount 5,214,288 4,915,669 Impairment test of goodwill Goodwill on acquisition is allocated to the Group’s cash-generating units (“CGUs”), business segments as follows: The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Plantation 5,181,919 4,883,300 5,515,669 Property development 32,369 32,369 32,369 5,214,288 4,915,669 5,548,038 The goodwill allocated to property development segment is not significant in comparison with the Group’s total carrying amount of goodwill. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019