the remaining operation and maintenance contract period which expires in 2042 and its other sources of income. The cash flows used in the calculations are the most recent forecasts and projections approved by the Board of Directors and management of LMT. The key assumptions used in determining the VIU were: 2022 % Terminal growth rate 2.0 Cost of equity 9.0 The cash flows were discounted using cost of equity based on the risk specific to the industry. The key assumptions includes optimisation of LMT’s assets and no new source of business. The Group’s review includes impact assessment of changes in key assumptions. The effects of the movement in the key assumptions to the recoverable amount are as follows: Changes in assumptions % Impact on recoverable amount Increase RM’million DecreaseRM’million Terminal growth rate 1.0 5.9 (4.4) Cost of equity 1.0 (17.5) 23.1 The aggregated financial information of the Group’s associates is as follows: 2023 RM’million 2022 RM’million Group’s share of results: - Profit after tax 44.3 76.6 - T otal other comprehensive income/(expense) 133.0 (55.2) Dividends received 164.6 120.1 Effect of changes in foreign currencies 52.3 (26.2) NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 235 9 ASSOCIATES (CONTINUED) Amounts due from/(to) associates Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Amounts due from associates* 395.6 666.4 5.3 5.7 Less: Loss allowances (7.3) (7.3) (0.1) (0.1) 388.3 659.1 5.2 5.6 Amounts due to associates^ (579.7) (777.6) (568.8) (765.9) * The Group’s and the Company’s credit policy provides amounts due from associates with a 30 days (2022: 30 days) credit period. ^ Credit terms of amounts due to associates is 30 days (2022: 30 days) depending on the terms of the contracts. The unrecognised cumulative losses of the Group’s associates are as follows: Gama Enerji Anonîm Şîrketî 2023 RM’million 2022 RM’million As at the beginning of the financial year (25.4) (393.1) Arising in the financial year (85.9)