Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 221 12. INTANGIBLE ASSETS The Group 2024 2023 RM RM Goodwill (Note 12.1) 5,548,037 6,110,144 Other intangible asset (Note 12.2) 69,713,839 62,774,394 Net Carrying Amount 75,261,876 68,884,538 12.1 Goodwill The Group 2024 2023 RM RM Goodwill on acquisition - At cost At beginning of year 6,214,372 5,476,607 Effect of movements in exchange rate (562,107) 737,765 At end of year 5,652,265 6,214,372 Accumulated impairment loss At beginning and end of year (104,228) (104,228) Net Carrying Amount 5,548,037 6,110,144 Impairment test of goodwill Goodwill on acquisition is allocated to the Group’s cash-generating units (“CGUs”), business segments as follows: The Group 2024 2023 RM RM Plantation 5,515,668 6,077,775 Property development 32,369 32,369 5,548,037 6,110,144 The goodwill allocated to property development segment is not significant in comparison with the Group’s total carrying amount of goodwill.
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