Wellcom_FY11-Financial-Report

8 144 123 119 117 na estimated growth rate used to

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Unformatted text preview: om Web print – Australasia Discount rate ** 2010 2011 % % 15.8 14.4 12.3 11.9 11.7 n/a * Estimated growth rate used to extrapolate cash flows beyond the budget period. ** In performing the value-in-use calculations for each CGU, the Group has applied pre-tax discount rates to pre-tax cash flows. In completing value-in-use calculations management determined budgeted gross margins based on past performance and its expectations for the future. The weighted average growth rates used are consistent with forecasts included in industry reports. Management believes the projected growth rate to be prudent and justified based on the Group’s performance. The discount rates used reflect specific risks relating to the relevant segments and the countries in which they operate. c) Impact of possible changes in key assumptions There are no reasonable changes in the key assumptions that would cause the CGU’s carrying amount to exceed its recoverable amount. 53 Wellcom Group Limited Notes to the Consolidated Financial Statements 14. Other non-current assets For personal use only 2011 $’000 36 138 2011 $’000 2010 $’000 7,471 8...
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This document was uploaded on 02/06/2014.

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