387.8 376.6 400.2 245.9 243.2 Goodwill 91.9 83.4 0 0 37.8 37.8 Less: Accumulated impairment losses (31.2) 0 0 0 (68.6) (68.6) Transaction cost capitalised 6.9 6.3 0 0 0 0 Effect of changes in foreign currency (0.9) 0 0 0 0 0 Carrying amount 571.4 477.5 376.6 400.2 215.1 212.4 Individually immaterial associates: 2023 RM’million 2022 RM’million Aggregate carrying amount of individually immaterial associates 295.7 339.6 Aggregate amounts of the Group’s share of profit: - Profit after tax 47.3 50.9 - Other comprehensive income 0.9 5.5 10 INTANGIBLE ASSETS Accounting Policy Goodwill Goodwill arises from a business combination and represents the excess of the aggregate of fair value of consideration transferred, the amount of any NCI in the acquiree and the fair value of any previous equity interestin the acquiree over the fair value of the net identifiable assets acquired and liabilities assumed on the acquisition date. If the fair value of consideration transferred is less than the fair value of the net identifiable assets of the acquire in the case of a bargain purchase, the resulting gain is recognised in statement of profit or loss. Goodwill is recognised in the statement of financial position as non-current asset at cost less accumulated impairment losses and tested for impairment annually. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the CGUs, or groups of CGUs, that is expected to benefit from synergies of the combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. The carrying value of goodwill is compared to the recoverable amount, which is the higher of VIU and the fair value less costs of disposal. Any impairment is recognised immediately to the statement of profit or loss and is not subsequently reversed. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity