105 / 178
103
GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
9. GOODWILL (continued)
The calculations of value in use for the CGUs are most sensitive to the following assumptions: (continued)
(c) Terminal value
Terminal growth rate of 3.0% (2014: 3.0%).
Based on the annual impairment testing undertaken by the Group, no impairment loss is required for the
carrying amount of the remaining goodwill assessed as at 31 December 2015 as its recoverable amount is
in excess of its carrying amount.
Management is not aware of any reasonably possible changes in the assumptions above that could cause
any impairment loss on goodwill.
10. INVESTMENTS IN SUBSIDIARIES
Company
2015
2014
RM
RM
Unquoted shares, at cost
144,472,627 144,472,627
Equity contributions in subsidiaries in respect of ESS
1,511,774 1,237,328
145,984,401 145,709,955
Less: Accumulated impairment losses
(138,942,506) (15,839,997)
7,041,895 129,869,958
(a) The details of the subsidiaries are as follows:
Effective
Country of
interest in equity
Name of company
incorporation 2015 2014 Principal activities
% %
GHL Transact Sdn. Bhd.
#
Malaysia 100.00 100.00 Sales and rental of EDC equipment
and its related software and services,
inclusive of installation, training and
maintenance.
GHL Payments Sdn. Bhd.
#
Malaysia 100.00 100.00 Sales and rental of EDC equipment
and its related software and services,
inclusive of installation, training and
maintenance.
GHL EFTPOS Sdn. Bhd.
#
Malaysia 100.00 100.00 Sales and rental of EDC equipment
and its related software and services,
inclusive of installation, training and
maintenance.