Fraser & Neave Holdings Bhd Annual Report 2021

7. INTANGIBLE ASSETS #CONTINUED$ Group Note Goodwill RM’000 Brand RM’000 Computer software RM’000 Total RM’000 CARRYING AMOUNT At 1 October 2019 40,537 75,370 4,739 120,646 At 30 September 2020/1 October 2020 40,537 – 5,384 45,921 At 30 September 2021 67,579 15,102 5,638 88,319 #A$ ALLOCATION OF GOODWILL, BRAND AND COMPUTER SOFTWARE Goodwill, brand and computer software have been allocated to the Group’s cash-generating units (“CGUs”) as identified according to country of operation and business segment as follows: Group Goodwill RM’000 Brand RM’000 Computer software RM’000 Total RM’000 At 30 September 2021 F&B Malaysia – Soft drinks and dairy products 39,538 – 1,700 41,238 – Food products 27,042 15,102 – 42,144 F&B Thailand 999 – – 999 Property and Others – – 3,938 3,938 67,579 15,102 5,638 88,319 At 30 September 2020 F&B Malaysia – Soft drinks and dairy products 39,538 – 1,645 41,183 F&B Thailand 999 – – 999 Property and Others – – 3,739 3,739 40,537 – 5,384 45,921 #B$ KEY ASSUMPTIONS USED IN VALUE IN USE CALCULATIONS (i) Goodwill No impairment loss is required for the goodwill assessed in the current financial year as their recoverable values are in excess of their carrying values. Goodwill is allocated for impairment testing purposes to the individual entity which is also the CGU. The value in use calculations apply a discounted cash flows model using cash flow projections based on financial budgets approved by management covering three-year period. The discount rates applied to the cash flow projections are derived from the cost of capital plus a reasonable risk premium at the date of assessment of the respective CGUs. The terminal growth rate used does not exceed the long-term average growth rate of the respective industry and country in which the entity operates. Financial Statements 199 Fraser & Neave Holdings Bhd ! Annual Report 2021