Page 153 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 151

Notes to the fiNaNcial statemeNts

15. INVESTMENT PROPERTIES
Group and Bank
2022 2021
rM’000 rM’000
Cost
At 1 January 1,300 1,300
Accumulated depreciation
At 1 January 486 468
Charged for the year (Note 31) 18 18

At 31 December 504 486

Carrying amount 796 814

Included in the carrying amount of investment properties are:
Freehold land 400 400
Buildings 396 414
796 814

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.

16. INtANGIBLe Assets
Group and Bank
2022 2021
rM’000 rM’000
Computer software
Cost
At 1 January 27,311 27,027
Additions 274 -
Transfer from property and equipment 3,796 284
Disposals (12,139) -

At 31 December 19,242 27,311

Accumulated depreciation
At 1 January 26,100 25,014
Charged for the year (Note 31) 964 1,086
Disposals (12,077) -
At 31 December 14,987 26,100

Carrying amount 4,255 1,211