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EXIM BANK MALAYSIA
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NOTES TO THE FINANCIAL STATEMENTS

15. INVESTMENT PROPERTIES (cont’d)
The investment properties were mainly valued by Raine & Horne International Zaki & Partners Sdn. Bhd., an independent
professional valuer, on 10 February 2025. 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.
The Group has no restrictions on the realisability of its investment properties and no contractual obligations to purchase,
construct or develop investment properties or for repairs, maintenance and enhancements.

16. INTANGIBLE ASSETS
Group and Bank
2024 2023
RM’000 RM’000
Computer software

Cost
At 1 January 20,875 19,242
Additions 177 512
Transfer from property and equipment 1,323 1,121
At 31 December 22,375 20,875

Accumulated depreciation
At 1 January 16,500 14,987
Charged for the year (Note 30) 1,630 1,513
At 31 December 18,130 16,500

Carrying amount 4,245 4,375