MKH Annual Report 2020

155 MKH BERHAD 11. RIGHT-OF-USE ASSET (CONT’D) Amount recognised in statement of profit or loss: The Group 2020 RM Depreciation of right-of-use asset (Note 6) 322,048 Interest expense on lease liability (Note 6) 830,308 Expenses relating to leases: (Note 6)  Short term leases 748,252  Low value assets 80,887 12. INTANGIBLE ASSETS The Group 2020 RM 2019 RM Goodwill (Note 12.1) 4,933,234 5,214,288 Other intangible asset (Note 12.2) 45,735,470 25,234,391 Net Carrying Amount 50,668,704 30,448,679 12.1 Goodwill The Group 2020 RM 2019 RM Goodwill on acquisition - At cost At beginning of year 5,318,516 5,019,897 Effect of movements in exchange rate (281,054) 298,619 At end of year 5,037,462 5,318,516 Accumulated impairment loss At beginning and end of year (104,228) (104,228) Net Carrying Amount 4,933,234 5,214,288 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020