NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C3 Intangible assets (continued) Key estimates and judgement: Recognition and measurement of intangible assets Key assumptions used in estimating the recoverable amount, useful life of an intangible asset (reassessed at each reporting date) requires management’s judgement. Aggregate carrying amounts of goodwill allocated to each CGU within the business segments and the key assumptions used in determining the recoverable amount of each CGU are as follows: Pre-tax discount rate Terminal growth rate Group 2024 2023 2024 2023 2024 2023 $’000 $’000 % % % % Commercial Aerospace Aerostructure & Systems 59,863 59,437 9.6 – 11.1 10.0 1.6 – 3.0 1.6 – 3.0 Aerospace MRO 17,089 16,640 9.9 11.1 4.0 4.0 Defence & Public Security Specialty Vehicles 103,998 100,493 11.2 – 12.4 13.3 – 16.0 2.3 2.3 Robotics & Autonomous Systems 35,590 34,533 10.7 11.0 – 12.0 2.5 2.3 – 2.5 Mission Software & Services 12,320 12,320 9.0 9.0 2.0 2.0 Training & Simulation Systems 15,479 15,018 15.0 15.1 3.0 3.0 Advanced Networks & Sensors 36,836 35,793 11.7 11.4 3.0 2.7 Cyber 19,927 – 15.0 – 2.0 – Defence Aerospace 701 701 NA NA NA NA Urban Solutions & Satcom Smart Utilities & Infrastructure 75,699 73,273 12.2 10.6 3.0 3.0 Mobility (Rail & Road) 2,333,262 2,263,951 7.0 8.0 4.0 4.0 Satcom 437,056 424,073 11.2 11.1 3.0 3.0 3,147,820 3,036,232 174 ST ENGINEERING | ANNUAL REPORT 2024
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