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## 18 Other intangible assets 

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## Impairment testing for cash-generating units containing indefinite life intangible assets 

For the purposes of impairment testing, indefinite life intangibles are allocated to the Group’s operating divisions, or CGUs, which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes. 

Each CGU is not higher than the Group’s operating segments as reported in Note 6 operating segments. 

The aggregate carrying amounts of indefinite-life intangible assets allocated to each CGU are as follows: 

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The indefinite life intangible asset relates to the Ord Minnett and Lonsdale brand names. In designating brand names as indefinite life, consideration was given to the length of time the brand names have been in existence and it was determined that there is no foreseeable limit to the period over which the brand names are expected to generate net cash inflows for the Group. 

page 93 The recoverable amount for the Ord Minnett group brand name has been determined based on a royalty savings method of calculating value in use. The calculation incorporates estimated costs of brand maintenance. The discount rate of 16.5% (2011: 17.3%) used reflects the Group’s pre-tax nominal weighted average cost of capital. Management’s assessment of indefinite life intangible value-in-use exceeds the value of the intangible asset allocated to the CGU, therefore any reasonably possible changes to assumptions used in management’s assessment will not result in impairment. 

