PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 116 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 8. RIGHT-OF-USE ASSETS (continued) (a) As at 31 December 2019, long-term leasehold land of the Group with a total carrying amount of RM5,114,000 are pledged to licensed banks as security for credit facilities granted to the Group as disclosed in Note 23(a) to the financial statements. (b) Included in right-of-use assets of the Group are motor vehicles and plant and machinery acquired under hire purchase arrangements with carrying amounts of RM583,000. (c) During the financial year, the Group made the following cash payments to purchase right-of-use assets: Group 2019 RM’000 Additions on right-of-use assets 29,343 Additions via issuance of ordinary shares (6,060) Additions via lease liabilities (Note 25) (17,141) Amount remained outstanding in other payables (602) Cash payments on purchase of right-of-use assets 5,540 9. INTANGIBLE ASSETS Goodwill Customers relationship Computer software Total Group RM’000 RM’000 RM’000 RM’000 Cost At 1 January 2018/1 January 2019 1,924 - 611 2,535 Additions - - 36 36 Acquisition of subsidiaries (Note 10) 62,184 5,502 - 67,686 Reclassification to assets held for sale (Note 26) - - (201) (201) Translation adjustments (1,649) (146) (3) (1,798) At 31 December 2019 62,459 5,356 443 68,258 Accumulated amortisation At 1 January 2018 - - 435 435 Amortisation charge for the financial year - - 80 80 Translation adjustments - - 1 1 At 31 December 2018/1 January 2019 - - 516 516 Amortisation charge for the financial year - 422 73 495 Reclassification to assets held for sale (Note 26) - - (194) (194) Translation adjustments - (9) (3) (12) At 31 December 2019 - 413 392 805