NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 15. GOODWILL (Cont’d) (c) Key assumptions used in value in use calculations (Cont’d) (iii) Terminal value 2023 2022 % % Terminal growth rates e-pay group of companies 3 5 Paysys group of companies 3 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 2023 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 further impairment loss on goodwill. 16. INVESTMENTS IN SUBSIDIARIES Company 2023 2022 RM RM Unquoted shares, at cost 44,336,112 44,336,112 Accumulated impairment losses (15,243,697) (15,243,697) 29,092,415 29,092,415 Equity contributions in subsidiaries in respect of ESS 3,593,586 3,593,586 Accumulated impairment losses (195,225) (195,225) 3,398,361 3,398,361 Equity loans to subsidiaries 140,235,737 134,399,737 Accumulated impairment losses (9,706,692) (9,706,692) 130,529,045 124,693,045 163,019,821 157,183,821 (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. (b) All components of non-controlling interests shall be measured at their acquisition-date fair values, unless another measurement basis is required by MFRSs. The choice of measurement basis is made on a combination-by-combination basis. Subsequent to initial recognition, the carrying amount of noncontrolling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. 120 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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