KENANGA ANNUAL REPORT 2019

204 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 17. INTANGIBLE ASSETS Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Total intangible assets Goodwill (a) 243,754 208,754 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Computer software (d) 16,548 383 15,303 - Trading and clearing rights for derivatives broking (e) 416 416 - - At end of the financial year 317,387 266,222 320,712 305,409 (a) Goodwill Cost At beginning of the financial year 244,521 244,521 288,676 288,676 Goodwill arising from acquisition of subsidiary 35,000 - - - Accumulated impairment loss - at beginning/end of the financial year (35,767) (35,767) (35,767) (35,767) At end of the financial year 243,754 208,754 252,909 252,909 (b) Merchant banking licence Cost At beginning/end of the financial year 52,500 52,500 52,500 52,500 (c) Fund management contracts Cost At beginning/end of the financial year 4,169 4,169 - - (d) Computer software Cost At beginning of the financial year 4,880 4,859 2,281 2,281 Transfer from property, plant and equipment 34,216 - 34,216 - Acquisition of subsidiary 2,657 - - - Additions 4,701 21 4,651 - At end of the financial year 46,454 4,880 41,148 2,281