Kenanga Investment Bank Berhad Annual Report 2021 232 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 17. INTANGIBLE ASSETS (CONT’D.) Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 (d) Computer software and work-in-progress (i) Computer software Cost At beginning of the financial year 53,804 46,341 47,662 41,148 Transfer from property, plant and equipment - 2,070 - 2,070 Additions 4,584 6,823 4,145 5,874 Reclassification 709 - 361 - Disposals/write-off (2,732) (1,430) (75) (1,430) At end of the financial year 56,365 53,804 52,093 47,662 Accumulated amortisation At beginning of the financial year 33,133 29,906 28,677 25,845 Amortisation (Note 33) 5,092 4,654 4,642 4,259 Disposals/write-off (1,975) (1,427) (75) (1,427) At end of the financial year 36,250 33,133 33,244 28,677 Net carrying amount 20,115 20,671 18,849 18,985 (ii) Work-in-progress Carrying amount At beginning of the financial year 1,304 113 - - Transfer from property, plant and equipment 1,740 - 1,740 - Addition 7,317 1,435 6,349 - Reclassification (709) (244) (361) - At end of the financial year 9,652 1,304 7,728 - (e) Trading and clearing rights for derivatives broking Carrying amount At beginning/end of the financial year 416 416 - - (f) Client relationships Carrying amount At beginning of the financial year 2,525 - - - Reclassified from deferred tax asset 939 2,972 - - Amortisation (532) (447) - - At end of the financial year 2,932 2,525 - - Notes to the Financial Statements 31 December 2021
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