FGV Audited Financial Statements 2023

112 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 22 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 2023 At 1 January 2023 809,072 66,687 13,291 43,412 719 6,802 939,983 Additions - - 2,732 - 651 6,966 10,349 Reclassification - - 2,749 - - (2,749) - Amortisation charge - (4,650) (6,401) (1,229) (269) - (12,549) Impairment loss (6,037) - - (38,646) - - (44,683) Disposal of subsidiaries (Note 23(b)) - - - (5,387) - - (5,387) Exchange differences - - - 1,850 30 - 1,880 At 31 December 2023 803,035 62,037 12,371 - 1,131 11,019 889,593 Expected remaining useful lives (years) - 31 December 2023 7 – 14 1 – 5 - 3 2022 At 1 January 2022 809,072 71,337 19,101 45,348 928 2,596 948,382 Additions - - 2,046 26 - 4,352 6,424 Reclassification - - 146 - - (146) - Amortisation charge - (4,650) (8,002) (797) (260) - (13,709) Exchange differences - - - (1,165) 51 - (1,114) At 31 December 2022 809,072 66,687 13,291 43,412 719 6,802 939,983 Expected remaining useful lives (years) - 31 December 2022 8 – 15 1 – 5 28 4

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