85
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
19.
Intangible assets
Group
2014
2013
$’000
$’000
Goodwill arising on acquisition of business
3,488
3,488
Goodwill arising on consolidation
41,692
41,692
45,180
45,180
Goodwill arising on consolidation
Group
2014
2013
$’000
$’000
Beginning of financial year
41,692
39,951
Acquisitions of subsidiaries (Note 31)
–
1,741
End of financial year
41,692
41,692
Impairment tests for goodwill
Goodwill is allocated to the Group’s cash-generating units (“CGUs”) identified according to operating
entities as follows:
Group
2014
2013
$’000
$’000
Recon
4,781
4,781
Top Great/Offshore
17,513
17,513
Subsea
12,777
12,777
MEPL
3,488
3,488
Vac-Tech
4,880
4,880
Chinyee (Note 31)
1,741
1,741
45,180
45,180
