6. INTANGIBLE ASSETS (CONTINUED) Software in progress Software Total Company RM’000 RM’000 RM’000 Cost At 1 July 2022 202 28 230 Additions 825 752 1,577 Reclassification (239) 239 - At 31 December 2023/1 January 2024 788 1,019 1,807 Additions 668 - 668 Reclassification (562) 562 - At 31 December 2024 894 1,581 2,475 Accumulated amortisation At 1 July 2022 - 14 14 Amortisation for the period - 231 231 At 31 December 2023/1 January 2024 - 245 245 Amortisation for the year - 357 357 At 31 December 2024 - 602 602 Carrying amounts At 1 July 2022 202 14 216 At 31 December 2023 788 774 1,562 At 31 December 2024 894 979 1,873 (a) Development and production assets consist of the rights and concessions of producing field licences in the Anasuria Cluster amounting to approximately RM866,323,000 (31.12.2023: RM910,875,000). (b) Exploration and evaluation assets relate to the exploration costs incurred in the Avalon field and Abu Cluster. Additions during the financial year mainly included the pre-development costs of the Avalon field and Abu Cluster. 146 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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