171 ANNUAL REPORT 2023 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 7. INTANGIBLE ASSETS (CONT’D) Group Goodwill Sales order backlog Noncompete agreement Licences Intellectual property rights Technical know-how Customer relationships Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Accumulated amortisation and impairment loss: At 1 January 2022 24,171 2,262 1,190 1,558 54 348 10,198 39,781 Currency realignment (47) (7) (8) (1) (1) (13) (444) (521) Amortisation for the year − − 201 200 26 518 2,848 3,793 At 31 December 2022 and 1 January 2023 24,124 2,255 1,383 1,757 79 853 12,602 43,053 Currency realignment (372) (53) (38) (4) (2) (35) (184) (688) Amortisation for the year − − 196 117 25 689 3,993 5,020 At 31 December 2023 23,752 2,202 1,541 1,870 102 1,507 16,411 47,385 Net carrying value: At 31 December 2023 77,105 − 382 836 390 2,163 12,556 93,432 At 31 December 2022 64,783 − 587 44 424 2,908 12,080 80,826 Remaining amortisation period (years): At 31 December 2023 NA – 2 Less than 1 - 8 16 Less than 1 - 7 Less than 1 - 8 NA At 31 December 2022 NA – 3 0.5 - 1 17 1.5 - 8 1 - 9 NA
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