5. GOODWILL Group 31.12.2024 31.12.2023 RM’000 RM’000 Cost 63,820 63,820 Accumulated impairment loss 63,820 63,820 Carrying amounts - - The recoverable amounts of the cash-generating units were determined using the value in use approach, and this was derived from the present value of the future cash flows from each cash-generating unit computed based on the projections of financial budgets approved by management covering a period of 5 years. In previous financial years, goodwill was fully impaired. 6. INTANGIBLE ASSETS Development Exploration Licence and and Software Development and production evaluation in progress Software expenditure others assets assets Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Cost At 1 July 2022 1,112 35,835 315 48,106 1,119,982 94,947 1,300,297 Additions 825 1,346 - - - 149,802 151,973 Written off (200) - - - - - (200) Reclassification (482) 482 - - - - - Foreign currency translation (467) - - - 35,903 4,009 39,445 At 31 December 2023/ 1 January 2024 788 37,663 315 48,106 1,155,885 248,758 1,491,515 Additions 668 - - - - 96,019 96,687 Reclassification (562) 562 - - - - - Foreign currency translation - - - - (23,453) (6,582) (30,035) At 31 December 2024 894 38,225 315 48,106 1,132,432 338,195 1,558,167 144 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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