Page 142 - EXIM-BANK-AR20

140 EXIM BANK MALAYSIA
Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS

13. INVESTMENT PROPERTIES
Group and Bank
2020 2019
RM’000 RM’000
Cost
At 1 January 1,300 1,300

Accumulated depreciation
At 1 January 450 432
Charged for the year (Note 29) 18 18
At 31 December 468 450

Carrying amount 832 850

Included in the carrying amount of investment properties are:
Freehold land 400 400
Buildings 432 450
832 850

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 11 February 2021. 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
2020 2019
RM’000 RM’000

Computer software
Cost
At 1 January 25,721 24,413
Transfer from property and equipment 1,306 1,308
At 31 December 27,027 25,721
Accumulated depreciation
At 1 January 23,371 21,038
Charged for the year (Note 29) 1,643 2,333
At 31 December 25,014 23,371

Carrying amount 2,013 2,350