Page 256 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)

13. INTANGIBLE ASSETS
Software
Computer under
software development Total
Group RM’000 RM’000 RM’000

2023
Cost
At 1 January 2023 355,001 22,168 377,169
Additions 2,312 45,357 47,669
Write-off (Note 38) - (64) (64)
Reclassification 49,142 (49,142) -
Transfer to property, plant and equipment - (1,789) (1,789)
At 31 December 2023 406,455 16,530 422,985

Accumulated amortisation
At 1 January 2023 266,326 - 266,326
Charge for the year (Note 38) 33,563 - 33,563
Reclassification - - -
At 31 December 2023 299,889 - 299,889

Carrying amount as at 31 December 2023 106,566 16,530 123,096

2022

Cost
At 1 January 2022 306,934 11,320 318,254
Additions 1,749 57,134 58,883
Write-off (Note 38) 32 - 32
Reclassification 46,286 (46,286) -
At 31 December 2022 355,001 22,168 377,169

Accumulated amortisation
At 1 January 2022 241,583 - 241,583
Charge for the year (Note 38) 24,711 - 24,711
Write-off (Note 38) 32 - 32
At 31 December 2022 266,326 - 266,326

Carrying amount as at 31 December 2022 88,675 22,168 110,843

254