17. INTANGIBLE ASSETS (CONTD.) (b) Customer contracts and relationships Customer contracts and relationships arose from the acquisition of Kaizen Group, MEEM, EGT Group and Edgenta UEMS Group are amortised over the range of 11 months to 15 years (2023: 3 to 15 years). (c) Software and other development cost Computer software represents licenses and other software assets that are not an integral part of property, plant and equipment assets. Software assets are recorded at cost and have finite useful life based on the term of the license or other contractual basis. The cost is amortised over the estimated asset’s useful life of 3 to 10 years (2023: between 3 to 10 years). Other development cost relates to the development of a framework for the application of improved processes, systems and services for servicing expressways. 18. INVESTMENT IN SUBSIDIARIES Company 2024 RM’000 2023 RM’000 Unquoted shares, at cost (Note (a)): – Malaysian subsidiaries 1,871,259 1,872,009 – Foreign subsidiaries 217,915 217,915 2,089,174 2,088,924 Less: Accumulated impairment (Note (b)) (381,135) (414,902) 1,708,039 1,674,022 (a) Cost of investment in subsidiary companies Note Company 2024 RM’000 2023 RM’000 At 1 January 2,088,924 2,088,164 Acquisition of additional share capital in subsidiaries (i) 250 750 Incorporation of Edgenta Academy Sdn. Bhd. (ii) – 10 At 31 December 2,089,174 2,088,924 Notes to the Financial Statements For the year ended 31 December 2024 UEM EDGENTA BERHAD 324 Integrated Annual Report 2024
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