Annual Report 2016
95
6. Intangible assets (Cont’d)
The goodwill recognised on acquisition is attributable mainly to the synergies expected to be achieved from integrating
the acquired companies into the Group’s existing operations.
For the purpose of the impairment testing, goodwill is allocated to the lowest level within the Group of which the goodwill
is monitored for internal management purposes.
The recoverable amounts of the cash-generating units were based on value in use calculation. These calculations use
pre-tax cash flow projections based on financial budgets approved by management.
7. Biological assets
Group
2016 2015
RM’000 RM’000
At cost:
Non-current
Plantation development expenditure 129,106 117,014
Current
Livestock 89,346 88,899
218,452 205,913
8. Investment in subsidiaries
Company
2016 2015
RM’000 RM’000
Unquoted shares, at cost 667,256 665,456
During the financial year, the Company increased its investments in subsidiaries by RM1,800,000 (2015:
RM10,000,000).
Details of the Company’s subsidiaries are shown in Note 33.
Notes to the Financial Statements
(Cont’d.)
