NOTES TO THE FINANCIAL STATEMENTS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
11
GOODWILL
Group
2016
2015
$’000
$’000
Cost
At 1 July
3,061
–
Acquisition of subsidiaries (note 14)
175
3,061
3,236
3,061
Accumulated impairment losses
At 1 July
578
–
Impairment for the year
–
578
578
578
Net carrying value
2,658
2,483
Impairment testing of goodwill
Goodwill arising from the acquisition of the subsidiaries relate to 5 cash-generating units (“CGUs”) as follows:
–
Repair & redecoration
–
Coatings & paintings
–
Landscaping works
–
Leasing services
–
Commercial interior designs
These CGUs are reported under “repair & redecoration”, “coatings & paintings” and “others” in the operating
segments. The carrying amount of goodwill allocated to each CGU are as follows:
Group
2016
2015
$’000
$’000
Cash Generating Unit
Repair & redecoration
844
844
Coatings & paintings
539
539
Landscaping works
279
279
Leasing services
821
821
Commercial interior designs
175
–
2,658
2,483
86
ISOTEAM LTD.
ANNUAL REPORT 2016