Page 240 - Bank-Muamalat-AR2020

238 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

13. INTANGIBLE ASSETS (CONT’D.)
Bank

Software
Computer under
software development Total
rM’000 rM’000 rM’000

As at 31 December 2020

Cost
As at 1 January 2020 267,188 1,639 268,827
Additions 3,625 12,371 15,996
Write off - (233) (233)
Reclassification 10,730 (10,730) -

As at 31 December 2020 281,543 3,047 284,590

Accumulated amortisation
As at 1 January 2020 186,400 - 186,400
Charge for the year (Note 37) 33,213 - 33,213
As at 31 December 2020 219,613 - 219,613

Carrying amount as at 31 December 2020 61,930 3,047 64,977

As at 31 December 2019

Cost
As at 1 April 2019 244,820 582 245,402
Additions 8,356 15,729 24,085
Reclassification 14,012 (14,672) (660)

As at 31 December 2019 267,188 1,639 268,827

Accumulated amortisation
As at 1 April 2019 160,842 - 160,842
Charge for the period (Note 37) 25,558 - 25,558
As at 31 December 2019 186,400 - 186,400

Carrying amount as at 31 December 2019 80,788 1,639 82,427