GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 118 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 15. GOODWILL (cont’d) (c) Key assumptions used in value-in-use calculations (cont’d) (iii) Terminal value 2019 2018 % % Terminal growth rates e-pay group of companies 3 3 Paysys group of companies - 5 Speed Pay Plc. 5 - 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 2019 as its recoverable amount is in excess of its carrying amount. Sensitivity to changes in assumptions Management is not aware of any reasonably possible changes in the assumptions above that could cause any impairment loss on goodwill. 16. INVESTMENTS IN SUBSIDIARIES Company 2019 2018 RM RM Unquoted shares, at cost 40,416,124 40,416,124 Accumulated impairment loss (15,662,619) (15,604,650) 24,753,505 24,811,474 Equity contributions in subsidiaries in respect of ESS 3,413,925 2,462,813 Accumulated impairment loss (93,728) (133,598) 3,320,197 2,329,215 Advances to subsidiaries 97,632,613 61,042,181 Accumulated impairment loss (1,323,761) - 96,308,852 61,042,181 124,382,554 88,182,870 (a) Investments in subsidiaries, which are eliminated on consolidation, are stated in the separate financial statements of the Company at cost less impairment losses, if any.