FGV Audited Financial Statements 2020

22 INVESTMENT PROPERTIES (CONTINUED) Leasing arrangements – Group and Company as a lessor The investment properties are leased to tenants under operating leases. The Group and the Company are not exposed to any variable lease considerations under the arrangements. 23 INTANGIBLE ASSETS Group Goodwill RM’000 Brand RM’000 Software RM’000 Land use rights RM’000 Others RM’000 Intangible assets under development RM’000 Total RM’000 Net book value 2020 At 1 January 2020 803,035 80,637 31,472 43,891 1,395 9,324 969,754 Acquisition of a subsidiary (Note 24 (b)) 6,037 - - - - - 6,037 Additions - - 2,526 202 - 609 3,337 Reclassification - - 1,771 - - (1,771) - Amortisation charge - (4,650) (18,020) (741) (244) - (23,655) Transfer from property, plant and equipment (Note 20) - - 3,786 - - - 3,786 Exchange differences - - - (951) (19) - (970) At 31 December 2020 809,072 75,987 21,535 42,401 1,132 8,162 958,289 Expected remaining useful lives (years) - 31 December 2020 10-17 1-3 30 6 2019 At 1 January 2019 803,035 85,287 50,634 43,973 1,653 11,439 996,021 Additions - - 1,410 43 - 1,809 3,262 Reclassification - - 3,924 - - (3,924) - Amortisation charge - (4,650) (22,144) (741) (244) - (27,779) Impairment charge - - (179) - - - (179) Write offs - - (2,173) - - - (2,173) Exchange differences - - - 616 (14) - 602 At 31 December 2019 803,035 80,637 31,472 43,891 1,395 9,324 969,754 Expected remaining useful lives (years) - 31 December 2019 11-18 1-3 31 7 97 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020