Page 256 - Bank Muamalat_AR24

254 BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2024 (29 JAMADIL AKHIR 1446H)

13. INTANGIBLE ASSETS (CONT’D.)

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

2024
Cost
At 1 January 2024 405,054 16,530 421,584
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 434,447 36,870 471,317

Accumulated amortisation
At 1 January 2024 298,773 - 298,773
Charge for the year (Note 38) 35,550 - 35,550

At 31 December 2024 334,323 - 334,323

Carrying amount as at 31 December 2024 100,124 36,870 136,994

2023

Cost
At 1 January 2023 353,613 22,168 375,781
Additions 2,299 45,357 47,656
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 405,054 16,530 421,584

Accumulated amortisation
At 1 January 2023 265,290 - 265,290
Charge for the year (Note 38) 33,483 - 33,483
At 31 December 2023 298,773 - 298,773

Carrying amount as at 31 December 2023 106,281 16,530 122,811