7. INTANGIBLE ASSETS (continued) (c) Intellectual properties comprise publishing rights and production files in relation to educational and learning materials for national schools and institutes of teacher education acquired by the Group as well as the publishing rights and production files in relation to dictionaries, comics, storybooks, educational and learning materials for early education and national-type Chinese schools recognised through the acquisitions of United Publishing House (M) Sdn. Bhd. and Sanjung Unggul Group by the Company. The intellectual properties are amortised over 15 years as the management estimates that the intellectual properties can be used for commercial activities for a duration of 15 years. Development costs and software are amortised over 10 years. (d) Impairment testing for cash-generating units containing goodwill For the purpose of impairment testing, goodwill is allocated to the Group9s cashgenerating units (<CGU=), which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes. The aggregate carrying amounts of goodwill allocated to each unit are as follows: Group 2024 2023 RM9000 RM9000 Sanjung Unggul Group 10,253 10,253 Distinct Motion Group - - Pinko Creative 178 178 10,431 10,431 An impairment loss on goodwill amounting to RM533,000 had been previously recognised in respect of Distinct Motion Group CGU within other operating expenses in the statements of profit or loss and other comprehensive income in the previous financial year due to its deteriorating financial performance. This impairment loss had been fully written off in the previous financial year. In assessing whether goodwill is impaired, the carrying amount of the CGU (including goodwill) is compared with the recoverable amount of the CGU. ANNUAL REPORT 2024 HOLDINGS BERHAD Financial Statements (continued) 106
RkJQdWJsaXNoZXIy NDgzMzc=