Annual Report 2015
FINANCIAL SECTION
167
20 INTANGIBLE ASSETS
(continued)
Goodwill
Trademarks
Hotel
management
contracts
Process,
technology
and
know-how
Customer
relationships
Operating
rights
Total
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
Cost
At 1 July 2013
2,340.1
614.9
428.1
38.9
544.8
634.8
4,601.6
Translation differences
(20.0)
–
–
–
–
–
(20.0)
Acquisition of subsidiaries
630.6
63.6
60.5
–
–
–
754.7
At 30 June 2014
2,950.7
678.5
488.6
38.9
544.8
634.8
5,336.3
Accumulated amortisation and
impairment
At 1 July 2013
228.9
–
41.0
7.5
52.2
132.7
462.3
Amortisation
–
–
23.3
3.9
27.2
31.2
85.6
Impairment
90.0
–
35.9
–
–
–
125.9
At 30 June 2014
318.9
–
100.2
11.4
79.4
163.9
673.8
Net book value
At 30 June 2014
2,631.8
678.5
388.4
27.5
465.4
470.9
4,662.5
Impairment test for goodwill
An operating segment level summary of the goodwill allocation is presented below:
2015
Hong Kong
Mainland
China
Total
HK$m
HK$m
HK$m
Property development
–
14.2
14.2
Property investment
–
285.1
285.1
Service and infrastructure
849.3
–
849.3
Hotel operations
–
9.2
9.2
Department stores
–
1,169.4
1,169.4
Others
96.7
–
96.7
946.0
1,477.9
2,423.9
