Page 160 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
158 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
Notes to the fiNaNcial statemeNts

15. INvESTMENT ProPErTIES
Group and Bank
2023 2022
rM’000 rM’000
Cost
At 1 January 1,300 1,300
Accumulated depreciation

At 1 January 504 486
Charged for the year (Note 30) 18 18
At 31 December 522 504

Carrying amount 778 796

Included in the carrying amount of investment properties are:
Freehold land 400 400
Buildings 378 396
778 796

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
2023 2022
rM’000 rM’000
Computer software
Cost
At 1 January 19,242 27,311
Additions 512 274
Transfer from property and equipment 1,121 3,796
Disposals - (12,139)
At 31 December 20,875 19,242

Accumulated depreciation
At 1 January 14,987 26,100
Charged for the year (Note 30) 1,513 964
Disposals - (12,077)
At 31 December 16,500 14,987

Carrying amount 4,375 4,255