$$" INTANGIBLE#ASSETS#(CONT’D") Licenses!with indefinite ! useful!lives! and!timber Goodwill !Software rights Total RM’"""! RM’"""! RM’"""! !RM’""" Group Cost At!#!January!+"++-$#!December!+"++ !"/&,"-! !"&"-+! !"/&%1+! !/+&0%/! Amortisation!and!impairment At!#!January!+"++ !"#&/"+! !$&$0/! !"/&%1+! !10&+1$! Amortisation!(Note!-) –! !1/-! !– !1/-! At!$#!December!+"++ !"#&/"+! $&%+1 "/&%1+ 10&,##! Carrying!amount !/&+#%! !%/-! –! !/&-%/! During!the!financial!year&!an!impairment!loss!of!RM$&%+,&###!("#"")!RM!nil)!has!been!recognised!in!the!profit!or!loss!of!the!Group! subsequent!to!the!goodwill!assessment!exercise' (a) Key!assumptions!used!in!value-in-use!calculations The!recoverable!amounts!of!the!CGUs!have!been!determined!based!on!value-in-use!calculations!using!cash!flow!projections!based! on!financial!budgets!approved!by!management' The!following!describes!each!key!assumption!on!which!management!has!based!its!cash!flow!projections!to!undertake!impairment! testing!of!goodwill' (i) Budgeted!gross!margin The!basis!used!to!determine!the!value!assigned!to!the!budgeted!gross!margin!is!the!average!rate!achieved!in!the!financial! year!immediately!before!the!budgeted!year!increased!for!expected!e2ciency!improvements' (ii) Pre-tax!discount!rate The!discount!rates!used!are!pre-tax!ranging!from!03!to!,3!("#"")!03!to!,3)!and!reflect!specific!risks!relating!to!the!relevant! segments' (b) Sensitivity!to!changes!in!assumptions With!regard!to!the!assessment!of!value-in-use!of!the!CGUs&!management!believes!that!no!reasonable!possible!change!in!any!of! the!above!key!assumptions!would!cause!the!carrying!amounts!of!the!unit!to!materially!di(er!from!its!recoverable!amount' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 252 ANNUAL REPORT 2023
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