COMPUTERSHARE ANNUAL REPORT 2008

Impairment tests for goodwillGoodwill is allocated to the Group’s cash generating units (CGUs) as follows:2008 2007$000 $000CGUAsia Pacific 304,195 169,452EMEA 191,480 112,881North America 924,512 876,0651,420,187 1,158,398The recoverable amount of goodwill is determined based on a value in use calculation for each CGU to which goodwillhas been allocated. The value in use calculation uses the discounted cash flow methodology for each CGU, based uponfive years of pre tax cash flows, plus a terminal value.(a) Key assumptions used for value in use calculationsManagement have reviewed and changed the key assumptions used in the value in use calculations against current marketconditions.02-13Overview14-36GovernanceThe following describes each key assumption on which management has based its value in use calculations for each CGU.a) Five year pre tax cash flow projections, based upon management approved budgets covering a one year period, with thesubsequent periods based upon management expectations of growth excluding the impact of possible future acquisitions,business improvement capital expenditure and restructuring.b) Earnings growth rates applied beyond the initial five year period are as follows for each CGU in 2008; Asia Pacific 2%(1% in 2007), EMEA 2% (1% in 2007) and North America 3% (2% in 2007).c) The discount factor used was 12.32% in 2008 and 15.7% in 2007.(b) Impact of possible changes in key assumptionsManagement has considered changes in key assumptions that they believe to be reasonably possible. In all instances considered,the recoverable amount of the CGU’s goodwill significantly exceeded its carrying amount.ConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $00020. PAYABLESCurrentTrade payables – unsecured 25,770 21,851 - -Trade payables – intercompany - - 1,064 9,468GST/VAT payable 15,683 14,570 - -Employee entitlements (note 28) 14,508 12,406 283 242Broker client deposits (note 10) 29,044 25,768 - -Other client liabilities (note 10) 200 - - -Other creditors and accruals 202,395 165,057 1,660 1,259Other payables 20,441 20,758 7,545 4,411308,041 260,410 10,552 15,380Non-CurrentLoans from subsidiaries – unsecured - - 707,431 144,316Other payables 1,754 5,476 - -1,754 5,476 707,431 144,31637-88Financials89-92Reports93-96Further InformationPAGE 59