5
INTANGIBLE ASSETS
(continued)
S&I goodwill impairment test
(continued)
Carrying value – $5.33 million (2014: $5.33 million)
(continued)
Sensitivity to changes in assumptions
Management has assumed that the EBITDA for 2016 to 2020 (2014: 2015 to 2019) will be at the same level as 2015’s actual
results (2014: 2014’s actual results) and the recoverable amount exceeded the carrying amount of the CGU.
The values assigned to the key assumptions represent management’s assessment of the future trends of the information
technology industry and is based on both external sources and internal sources (historical data).
6
SUBSIDIARIES
Company
2015
2014
$’000
$’000
Investments in subsidiaries
40,201
39,766
Impairment losses
(2,642)
(2,642)
37,559
37,124
Details of significant subsidiaries are as follows:
Name of subsidiary
Principal activities
Country of
incorporation
Effective equity
held by the Group
2015
2014
%
%
NexWave Technologies Pte Ltd
Provision of network
engineering services
Singapore
100
100
NexWave Telecoms Pte. Ltd.
Provision of
telecommunication services
Singapore
100
100
N-Wave Technologies (Malaysia) Sdn Bhd
Provision of network
engineering services
and consultancy services
Malaysia
100
100
Planet Telecoms Managed Services Sdn. Bhd.
Provision of consultancy
services and distribution of
mobile phones, prepaid cards
and the provision for related
services
Malaysia
100
100
1
Planet Telecoms (S) Pte Ltd
Sale of telecommunication
equipment and provision of
related services
Singapore
100
92.0
83
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
