Page 239 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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17 INTANGIBLE ASSETS
Group
Bancatakaful achieving a leading repute
Note Software Service Fees Total
Syarikat Takaful Malaysia Keluarga Berhad RM’000 RM’000 RM’000

2020 |
Paving the Way for a Sustainable future
Cost
at 1 January 2020 2,189 148,821 151,010
additions 5,676 151,000 156,676
expiry of bancatakaful service agreement 17(i) – (61,321) (61,321)
at 31 december 2020 7,865 238,500 246,365

Amortisation
at 1 January 2020 (97) (82,425) (82,522)
amortisation during the year 39 (269) (33,708) (33,977)
expiry of bancatakaful service agreement 17(i) – 61,321 61,321 233
at 31 december 2020 (366) (54,812) (55,178)
adhering to the best Governance Practices
Carrying amounts
at 31 december 2020 7,499 183,688 191,187

2019
Cost
at 1 January 2019 – 146,321 146,321
additions 2,189 2,500 4,689 |
Laying the Foundation for Financial Growth
at 31 december 2019 2,189 148,821 151,010

Amortisation
at 1 January 2019 – (52,953) (52,953)
amortisation during the year 39 (97) (29,472) (29,569)
at 31 december 2019 (97) (82,425) (82,522)

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additional information & disclosure Summary
Carrying amounts
at 31 december 2019 2,092 66,396 68,488

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24 th aGm information