209 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 6. DEVELOPMENT COSTS (CONT’D) (b) Material accounting policy information Internally generated intangible assets - research and development costs Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the Group and the Company can demonstrate: z the technical feasibility of completing the intangible asset so that the asset will be available for use or sale; z its intention to complete and its ability and intention to use or sell the asset; z how the asset will generate future economic benefits; z the availability of resources to complete; and z the ability to measure reliably the expenditure during development. The amount initially recognised for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. When no internally-generated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred. Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortisation and accumulated impairment losses. Intangible asset acquired separately Intangible assets with finite useful lives that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. 7. INVESTMENT IN SUBSIDIARIES Company 2024 2023 RM’000 RM’000 In Malaysia Unquoted shares, at cost At 1 January 81,145 20,395 Additions - 60,750 At 31 December 81,145 81,145
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