250 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 17. INTANGIBLE ASSETS Note Group Bank 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Total intangible assets With indefinite useful life Goodwill (a) 241,027 241,027 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Trading and clearing rights for derivatives broking (e) 416 416 - - With definite useful life Computer software and work-in-progress (d) 40,031 40,969 24,277 28,167 Client relationships (f) 1,535 1,959 - - 339,678 341,040 329,686 333,576 (a) Goodwill Cost At 1 January/31 December 276,794 276,794 288,676 288,676 Accumulated impairment loss At 1 January/31 December 35,767 35,767 35,767 35,767 Net carrying amount 241,027 241,027 252,909 252,909 (b) Merchant banking licence Carrying amount At 1 January/31 December 52,500 52,500 52,500 52,500 (c) Fund management contracts Carrying amount At 1 January/31 December 4,169 4,169 - -
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