Page 151 - EXIM_AR2021

ANNUAL REPORT 2021 149

Notes to the fiNaNcial statemeNts

13. investment PrOPerties
Group and Bank
2021 2020
RM’000 RM’000

Cost
At 1 January 1,300 1,300
Accumulated depreciation
At 1 January 468 450
Charged for the year (Note 29) 18 18
At 31 December 486 468

Carrying amount 814 832

Included in the carrying amount of investment properties are:
Freehold land 400 400
Buildings 414 432
814 832

Fair value of investment properties 1,140 1,140

The investment properties were mainly valued by Raine & Horne International Zaki & Partners Sdn. Bhd., an independent
professional valuer, on 31 January 2022. The fair value is determined based on the comparison method of valuation.
This method of valuation seeks to determine the value of the properties being valued by comparing and adopting as a yardstick
recent transactions and sale evidences involving similar properties in the vicinity.

14. intangible assets
Group and Bank
2021 2020
RM’000 RM’000

Computer software
Cost
At 1 January 27,027 25,721
Transfer from property and equipment 284 1,306
At 31 December 27,311 27,027

Accumulated depreciation
At 1 January 25,014 23,371
Charged for the year (Note 29) 1,086 1,643
At 31 December 26,100 25,014

Carrying amount 1,211 2,013