on their balance sheet, they have spent a lot of money on "development cost" in the order of billions, and capitalised it as intangible assets. if today I offered you to buy a business and claimed that it earned big money, and the assets on balance sheet is just intellectual property, would you readily believe it? where is the real cash balances?

Development costs were mainly expenditures incurred for the development of Zetrix platform and applications JPJ Test taking and license module, payment gatewav and portal development. The amortisation charges are recognised in statements of profit or loss and other comprehensive income under the "Cost of sales" and "Other expenses" line items. Development costs with finite useful lives are amortised over a period of 2 to 5 years or over the expected level of usage. Certain development costs are not amortised as these assets are not available for use and are still under development as at the end of the financial year.