NOTES TO THE INTERIM FINANCIAL STATEMENTS
6. intangible assets Goodwill impairment assessments
Goodwill is tested at least annually for impairment against the recoverable amount of the cash generating units (“CGU”) to which it has been allocated. Management performed impairment assessments on the electricity, gas distribution, gas trading and metering CGUs at 31 December 2019 and found no impairment. Other CGUs in the group were assessed for indicators of impairment at 31 December 2019 only. No indicators were found. Impairment assessments for these CGUs will be performed at 30 June 2020.
7. Borrowings and derivatives
NET DERIVATIVES $M
BORROWINGS $M
Balance at 30 June 2019 (audited)
26.2 (2,761.0)
Fair value movements: Foreign exchange rates
2.3
(2.3) (1.4)
16.7
Interest rates and other fair value changes
– – –
296.6
Repayment Drawdown
(375.0)
0.2
Amortised costs
Balance at 31 December 2019 (unaudited) Fair value at 31 December 2019 (unaudited)
45.2 (2,842.9) 45.2 (3,002.7)
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