NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 228 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 17. INTANGIBLE ASSETS (CONT’D.) Note Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 (d) Computer software and work-in-progress (i) Computer software Cost At beginning of the financial year 65,153 56,365 60,994 52,093 Transfer * (21) 9 - 9 Disposal of a subsidiary (Note 56(a)(i)) (58) - - - Additions 8,507 5,333 7,382 4,187 Reclassification 2,384 4,855 2,384 4,855 Disposals/write-off (83) (150) (83) (150) Adjustment to expenses - (1,259) - - At end of the financial year 75,882 65,153 70,677 60,994 Accumulated amortisation At beginning of the financial year 42,170 36,250 38,637 33,244 Transfer * - (33) - (33) Disposal of a subsidiary (Note 56(a)(i)) (25) - - - Amortisation (Note 34) 7,225 6,035 6,185 5,508 Disposals/write-off (51) (82) (51) (82) At end of the financial year 49,319 42,170 44,771 38,637 Net carrying amount 26,563 22,983 25,906 22,357 * Transfer (to)/from property, plant and equipment. (ii) Work-in-progress Cost At beginning of the financial year 5,290 9,652 3,366 7,728 Addition 3,818 3,459 3,818 3,459 Reclassification (2,384) (4,855) (2,384) (4,855) Disposals/write-off - (1,210) - (1,210) Adjustment to expenses - (1,756) - (1,756) At end of the financial year 6,724 5,290 4,800 3,366 Accumulated impairment loss At beginning of the financial year - - - - Impaired loss charged 195 - 195 - At end of the financial year 195 - 195 - Net carrying amount 6,529 5,290 4,605 3,366
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