Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 318 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. INTANGIBLE ASSETS (CONTD.) (a) Goodwill Impairment testing of goodwill Goodwill is allocated and monitored by management across the following cash generating units (“CGU”): 2023 RM’000 2022 RM’000 Asset consultancy: Opus Group Berhad and its subsidiaries (“Opus Group”) 38,636 38,636 Healthcare support: Edgenta Mediserve Sdn. Bhd. (“EMS”) 26,982 26,982 Edgenta UEMS Group: - Malaysia 72,802 68,518 - Singapore 307,423 289,338 - Taiwan 12,259 11,538 Property and Facility Solutions: Edgenta GreenTech Sdn. Bhd. and its subsidiaries (“EGT Group”) 49,600 49,600 Infrastructure services: Edgenta PROPEL Berhad 76,372 76,372 Others: MEEM for Facilities Management Company 3,516* - 587,590 560,984 Goodwill is tested for impairment on an annual basis by comparing the carrying amount of the CGU with their respective recoverable amounts, which is based on value-in-use. The value-in-use is determined by discounting future cash flows over a period of five to eleven years including a terminal value. The future cash flows are based on management’s future business plan, which is the best estimate of immediate future performance. * Difference of goodwill above with goodwill recognised upon completion of transaction disclosed in Note 44 is due to the impact of translation to RM.
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