26 Intangibles

Intangibles

	Goodwill
	AED’000
2022
At 1 January	6,705
	————————-
At 31 December	6,705
	=============
2021
Carrying value:
At 1 January	6,705
	————————-
At 31 December	6,705
	=============

 

Goodwill

Goodwill acquired through business combinations relates to Finance House L.L.C. (formerly known as Islamic Finance House P.J.S.C.)

 

Impairment test of goodwill

The Group performs impairment testing of the goodwill annually on 31 December.

Goodwill has been allocated to the subsidiary as a cash-generating unit.  This represents the lowest level within the Group at which the goodwill is monitored for internal management purposes.