24 Intangibles
Intangibles
| Goodwill | |
| AED’000 | |
| 2023 | |
| At 1 January | 6,705 |
| At 31 December | 6,705 |
| 2022 | |
| 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.
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.
