Page 183 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 181

notes to the
financial statements
for the year ended 31 december 2022

8. COMPUTER SOFTWARE

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000

Cost
at 1 January 54,984 20,604 54,875 20,495
additions 343 1,274 329 1,274
transfer in 1,678 33,106 1,678 33,106
At 31 December 57,005 54,984 56,882 54,875

Accumulated Amortisation
at 1 January 23,883 15,756 23,810 15,704
charge for the year 13,177 8,127 13,155 8,106
At 31 December 37,060 23,883 36,965 23,810

Net Book Value As At 31 December 19,945 31,101 19,917 31,065

computer software relates to the licence fees, other directly attributable costs in the preparation of the assets for its
intended use as well as the professional fees arising directly to bring the assets to their working condition.