8 INTANGIBLE ASSETS AND GOODWILL (continued) Budgeted EBITDA was estimated taking into account past experience, adjusted for the anticipated revenue growth. Revenue growth was projected taking into account the average growth levels experienced over the past five years and the estimated revenue growth for the next five years. As at 31 December 2023, the recoverable amount of the CGU exceeded its carrying amount by $21.4 million (2022: $12.8 million). Management has identified that a reasonably possible change in a key assumption could cause the carrying amount to exceed the recoverable amount. The following table shows the amount by which this assumption would need to change for the estimated recoverable amount to be equal to the carrying amount. 2023 2022 % % Change required for carrying amount to equal the recoverable amount Increase in discount rate (post-tax) 2.6 2.0 Increase in discount rate (pre-tax) 3.1 2.8 9 TRADE AND OTHER RECEIVABLES Group Company 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Trade receivables 35,284 44,219 124 110 Trade amounts due from: – subsidiaries – – 8,300 8,300 – associates 12,980 5 1 – – joint ventures 11,488 17,095 35 14 Non-trade amounts due from: – immediate holding company 1,081 – – – – subsidiaries – – 79,419 85,064 – associates 3 6 – 2 – joint ventures 31,561 21,020 – 7 – non-controlling interests 61,394 55,800 – – Loans to an associate – 21,482 – – Loans to joint ventures 38,700 39,148 – – Loans to a related corporation 6,452 6,548 – – Interest receivables 29,355 24,742 126,203 117,495 Other receivables 42,535 36,342 4,612 4,085 Deposits 17,942 18,103 3,384 3,464 288,775 284,510 222,078 218,541 Prepayments 28,316 37,286 314 325 317,091 321,796 222,392 218,866 Non-current 11,216 25,458 – – Current 305,875 296,338 222,392 218,866 317,091 321,796 222,392 218,866 Non-trade amounts due from immediate holding company, subsidiaries, associates, joint ventures and non-controlling interests are unsecured, interest-free and repayable on demand. Notes to the Financial Statements Year ended 31 December 2023 186 PERENNIAL HOLDINGS PRIVATE LIMITED
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