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14. intAngiBle ASSetS (Cont’D)
impairment tests for goodwill
Allocation of goodwill
Goodwill has been allocated to the Group’s Cash Generating Units (“CGU”) identified according to country of operation and business
segment as follows:
At 31 January 2010
malaysia Australia total
Rm’000 Rm’000 Rm’000
Marine Services and Operation and Maintenance 129,597 — 129,597
Marine Services — 19,415 19,415
At 31 January 2009
149,012
Marine Services and Operation and Maintenance 129,597 — 129,597
Marine Services — 19,415 19,415
Key assumptions used in value-in-use calculations
149,012
The recoverable amount of a CGU is determined based on value-in-use calculations using cash flow projections based on financial
budgets approved by management covering a five-year period.
Cash flow beyond the five year period is extrapolated using the growth rates stated below. The key assumptions used for value-in-use
calculation are:
gross margin growth rate Discount rate
2010 2009 2010 2009 2010 2009
Marine Services:
Australia 35% 32% 2% 2% 20% 20%
Marine Services,
Operation and maintenance:
Malaysia 18% 22% 2% 2% 15% 15%
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SapuraCrest Petroleum Berhad
Annual Report 2010