Page 255 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 253

13. INTANGIBLE ASSETS

Software
Computer under
software development Total
Group RM’000 RM’000 RM’000

2024
Cost
At 1 January 2024 406,455 16,530 422,985
Additions 2,425 58,008 60,433
Write-off (Note 38) - (4) (4)
Reclassification 26,968 (26,968) -
Transfer to property, plant and equipment - (10,696) (10,696)
At 31 December 2024 435,848 36,870 472,718

Accumulated amortisation
At 1 January 2024 299,889 - 299,889
Charge for the year (Note 38) 35,629 - 35,629

At 31 December 2024 335,518 - 335,518

Carrying amount as at 31 December 2024 100,330 36,870 137,200

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
At 31 December 2023 299,889 - 299,889

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