Schedule of intangible assets

The amortisation of the intangible assets of the Group included in “other operating expenses” in the consolidated statements of profit or loss and other comprehensive income of the Group.

Impairment assessments

The Group performed an assessment during the financial year on the recoverable amount of the intangible assets to determine whether the carrying amount of the intangible assets is recoverable. The view was carried out in accordance with IAS 36 “Impairment of Assets”. The estimated recoverable amount is determined based on value in use (“VIU”). Cash flow projections used in these calculations were based on financial budgets approved by management covering a five-to-ten-year period.

Key assumptions used in the value in use calculations for the intangible assets impairment assessment are gross profit margin of 30% (2025: 30%) and revenue growth rate of 20% (2025: 20%). The values assigned to the key assumptions represent management’s assessment of future trends in the industry and are based on both external sources and internal sources.

A discount rates of 10.6% were applied in determining the recoverable amounts of the intangible assets. The discount rate was estimated based on the weighted average cost of capital of the subsidiary.

Sensitivity to changes in assumptions

With regards to the assessment of VIU, management believes that there is no reasonably possible changes in any of the key assumptions would cause the carrying values of these units to differ materially from their recoverable amounts except for the changes in prevailing operating environment which is not ascertainable.