Sunny Tew

2. Summary of significant accounting policies (Continued)(d)Impairment of non-financial assets (Continued)Non-financial assets other than goodwill (Continued)An assessment is made at the balance sheet date as to whether there is any indication that an impairment in value recognised in prior periods for an asset may nolonger exist or may have decreased. If such indication exists, the recoverable amount is estimated. An impairment in value recognised in prior periods is reversedif there has been a change in the estimates used to determine the recoverable amount since the last impairment in value was recognised. An impairment invalue is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciationor amortisation, if no impairment in value had been recognised. Reversals of impairment in value are recognised in the income statement. After such a reversal,the depreciation or amortisation is adjusted in future periods to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over itsremaining useful life.GoodwillGoodwill is tested annually for impairment, as well as when there is any indication that the goodwill may be impaired.combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit including the goodwill, the impairment in value ispro-rata on the basis of the carrying amount of each asset in the unit. An impairment in value recognised for goodwill is not reversed in subsequent period.(e)Intangible assetsGoodwillGoodwill acquired in a business combination is initially measured at cost being the excess of the cost of a business combination over the Group’s interest in theif any.Goodwill acquired in a business combination is included in intangible assets.Gains and losses on the disposal of a business combination include the carrying amount of goodwill relating to the entity or business sold.