17. INTANGIBLE ASSETS (CONTD.) (a) Goodwill Impairment testing of goodwill Goodwill is allocated and monitored by management across the following cash generating units (“CGU”): 2024 RM’000 2023 RM’000 Asset consultancy: Opus Group Berhad and its subsidiaries (“Opus Group”) 38,636 38,636 Healthcare solutions: Edgenta Mediserve Sdn. Bhd. (“EMS”) 26,982 26,982 Edgenta UEMS Group: – Malaysia 68,807 72,802 – Singapore 290,552 307,423 – Taiwan 11,586 12,259 Property and Facility Solutions: Edgenta Greentech Sdn. Bhd. and its subsidiaries (“EGT Group”) 49,600 49,600 MEEM for Facilities Management Company 3,417 3,516 Kaizen Group# 67,004* – Infrastructure services: Edgenta PROPEL Berhad 76,372 76,372 632,956 587,590 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 ten 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. In the previous financial year, goodwill of RM3.5 million was recognised arising from the acquisition of MEEM For Facilities Management Company. In the current financial year, goodwill of RM67.0 million was recognised arising from the acquisition of Kaizen Group, as disclosed in Note 44(a). * Difference of goodwill above with goodwill recognised upon completion of transaction disclosed in Note 44 is due to the impact of translation to RM. # Kaizen Owner Association Management (“KOA”) and Kaizen AMS Property Supervision L.L.C (“KAMS”) are collectively referred as “Kaizen Group”. Notes to the Financial Statements For the year ended 31 December 2024 UEM EDGENTA BERHAD 322 Integrated Annual Report 2024
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