17. INTANGIBLE ASSETS (CONTD.) Company Software RM’000 (Note c) Softwarein-progress RM’000 Total RM’000 Cost At 1 January 2021 45,818 354 46,172 Additions 25 – 25 Disposals (180) – (180) Reclassification 354 (354) – At 31 December 2021 46,017 – 46,017 At 1 January 2022 46,017 – 46,017 Transfer to a subsidiary (46,017) – (46,017) At 31 December 2022 – – – Accumulated amortisation At 1 January 2021 4,799 – 4,799 Amortisation for the year (Note 7) 5,325 – 5,325 At 31 December 2021 10,124 – 10,124 At 1 January 2022 10,124 – 10,124 Amortisation for the year (Note 7) 1,215 – 1,215 Transfer to a subsidiary (11,339) (11,339) At 31 December 2022 – – – Net carrying amount At 31 December 2022 – – – At 31 December 2021 35,893 – 35,893 17. INTANGIBLE ASSETS (CONTD.) (a) Goodwill Impairment testing of goodwill Goodwill is allocated and monitored by management across the following cash generating units (“CGU”): 2022 RM’000 2021 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 68,518 64,571 – Singapore 289,338 272,659 – Taiwan 11,538 10,874 Property and Facility Solutions: Edgenta Greentech Sdn. Bhd. and its subsidiaries (“EGT Group”) 49,600 49,600 Infrastructure services: Edgenta PROPEL Berhad 76,372 76,372 560,984 539,694 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 twelve 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. Key assumptions used in value-in-use calculation The discount rates applied to the cash flow projections and the forecasted growth rates used to extrapolate cash flows beyond the projection period are as follows: Projection period Years Discount rate Terminal growth rate 2022 % 2021 % 2022 % 2021 % Asset consultancy: Opus Group 5 11.0 11.0 1.0 1.0 Healthcare support: EMS 12 8.6 8.6 * * Edgenta UEMS Group: – Malaysia 5 8.6 8.6 1.0 1.0 – Singapore 5 8.6 8.6 1.0 1.0 – Taiwan 5 8.6 8.6 1.0 1.0 Property and Facility Solutions: EGT Group 5 7.9 7.9 1.0 1.0 Infrastructure services: Edgenta PROPEL Berhad 5 7.3 7.3 1.0 1.0 * For EMS, the value-in-use is determined by discounting cash flows for a period of 12 years (2021: 13 years) with no terminal value. p.320 p.321 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
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