v3.25.2
INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Intangible assets and goodwill [abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following table summarizes the movement in the net book value of intangible assets, including goodwill for the six-month
period ended June 30:
2025
2024
Balance as of January 1
1,510
1,619
Acquisition
162
Additions
58
38
Disposals and write offs
(3)
Divestment and reclassification to held for sale
(58)
(8)
Amortization
(114)
(100)
Currency translation
(15)
(34)
Transfers
10
2
Balance as of June 30
1,553
1,514
Goodwill
Included within total intangible asset movements for the six-month period ended June 30, 2025, as shown above, are the
following movements in goodwill for the group, per cash generating unit ("CGU"):
CGU
June 30,
2025
Currency 
translation
Divestments
Acquisitions
January 1,
2025
Pakistan
122
(3)
(58)
183
Kazakhstan
113
1
112
Uzbekistan
29
29
Ukraine
118
104
14
Total
382
(2)
(58)
104
338
* For acquisitions and divestments, refer to Note 5 - Significant transactions of these interim condensed consolidated financial
statements for further details.
Impairment losses in 2025
The Company performed annual impairment testing of goodwill and for non-goodwill CGUs also tested assets for impairment as
of September 30, 2024 and subsequently assessed for indicators of impairment or reversal of impairment as of June 30, 2025.
CGU Bangladesh is a non-goodwill CGU and therefore not subject to mandatory annual impairment testing. However, the CGU
has limited headroom and is continuously monitored. We therefore performed valuation sensitivity tests to assess if a further
impairment or reversal of impairment was required. Based on the assessment performed, we concluded that no impairment nor
reversal was identified for CGU Bangladesh or any CGU.
Impairment losses in 2024
The Company performed annual impairment testing of goodwill and for non-goodwill CGUs also tested assets for impairment as
of September 30, 2023 and subsequently assessed for indicators of impairment or reversal of impairment as of June 30, 2024.
CGU Bangladesh is a non-goodwill CGU and therefore not subject to mandatory annual impairment testing. However, the CGU
has limited headroom and is continuously monitored. We therefore performed valuation sensitivity tests to assess if a further
impairment or reversal of impairment was required. Based on the assessment performed, we concluded that no impairment nor
reversal was identified for CGU Bangladesh or any CGU.