227 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 17. INTANGIBLE ASSETS Group Bank Note 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Total intangible assets Goodwill (a) 241,027 241,277 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Computer software and work- in-progress (d) 28,273 29,767 25,723 26,577 Trading and clearing rights for derivatives broking (e) 416 416 - - Client relationships (f) 2,834 2,932 - - 329,219 331,061 331,132 331,986 (a) Goodwill Cost At beginning of the financial year 277,044 276,549 288,676 288,676 Acquisition of a subsidiary - 495 - - Reclassified to client relationships (250) - - - At end of the financial year 276,794 277,044 288,676 288,676 Accumulated impairment loss At beginning/end of the financial year 35,767 35,767 35,767 35,767 Net carrying amount 241,027 241,277 252,909 252,909 (b) Merchant banking licence Carrying amount At beginning/end of the financial year 52,500 52,500 52,500 52,500 (c) Fund management contracts Carrying amount At beginning/end of the financial year 4,169 4,169 - -
RkJQdWJsaXNoZXIy NDgzMzc=