Serba Dinamik Annual Report 2019

268 2019 ANNUAL REPORT FINANCIAL STATEMENTS SERBA DINAMIK HOLDINGS BERHAD N O T E S T O T H E F I N A N C I A L S TAT E M E N T S 8. INTANGIBLE ASSETS - GROUP Development License land Goodwill and rights rights Total Note RM’000 RM’000 RM’000 RM’000 Cost At 1 January 2018 3,832 3,155 - 6,987 Acquisition through business combination 1,426 - - 1,426 Amortisation - ( 2,009) - ( 2,009) At 31 December 2018/ 1 January 2019 5,258 1,146 - 6,404 Acquisition through business combination 32(b) 5,975 - - 5,975 Additions - - 107,757 107,757 Amortisation - ( 1,142) - ( 1,142) At 31 December 2019 11,233 4 107,757 118,994 ========= ========= ========= ========= Development land rights Development land rights is exclusive rights granted by a third party to one of the subsidiaries of the Group, Get Development Sdn. Bhd. (“GDSB”), to jointly develop a land located at Sri Hartamas and to construct and erect thereon the buildings structure in accordance with the approved plans in the manner stipulated in the Joint Development Agreement between the third party to GDSB. Development land rights is not amortised until the commencement of the development of the land. Impairment testing for cash-generating units containing goodwill For the purpose of impairment testing, goodwill is allocated to the Group’s operating activities which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes.