Page 109 - ar2012

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NOTES TO THE FINANCIAL STATEMENTS
(cont’d)
For the year ended 31 December 2012
16. Amount due from an associate (non-current)
Group
2012
2011
US$’000
US$’000
3 years, unsecured long term loan
2,600
2,600
The 3 years loan of US$2,600,000 is unsecured and bears a floating interest rate of 7% per annum during the financial year.
17. Intangible assets
Goodwill
Brand
Total
US$’000
US$’000
US$’000
Cost
At the beginning and end of the year for financial year 2012 and 2011
7,390
8,361
15,751
Less: Impairment
At the beginning and end of the year for financial year 2012 and 2011
706
1,702
2,408
Net carrying amount
At 31 December 2012
6,684
6,659
13,343
At 31 December 2011
6,684
6,659
13,343
Impairment testing of goodwill and brand
Goodwill and brand acquired through business combinations have been allocated to the Group’s cash-generating units (“CGU”)
identified according to each individual business unit for impairment testing.
Group
2012
2011
US$’000
US$’000
FER (HK) Limited Group
4,797
4,797
FES Industries Pte Ltd
1,887
1,887
Brand
6,659
6,659
13,343
13,343
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Food Empire Holdings Limited Annual Report 2012