3. Goodwill reconciliation as at 28 February 2023
| US$'000 | Audited Year ended 28 February 2023 |
Audited Year ended 28 February 2022 |
||
| Net book value | 245 375 | 262 606 | ||
|---|---|---|---|---|
| At the beginning of the year | 262 606 | 255 536 | ||
| Arising on acquisition of subsidiaries | 18 699 | 12 199 | ||
| Disposal of discontinued operations | (25 566) | – | ||
| Translation and other movements | (10 364) | (5 129) | ||
| Balance at the end of the year | 245 375 | 262 606 | ||
| Goodwill at cost | 245 375 | 262 606 | ||
| Per cash-generating unit: | 245 375 | 262 606 | ||
| Logicalis International – Re-presented# | 209 707 | 203 545 | ||
| Logicalis Latin America – Re-presented # | 35 668 | 35 831 | ||
| Management Consulting | – | 23 230 | ||
| # | The Logicalis segment previously reported in the prior period is now being reported as two management segments, Logicalis Latin America and Logicalis International (representing the Logicalis business outside of Latin America). The ultimate Logicalis holding company, Logicalis Group Limited, and its associated costs, is now included in the “Corporate and Management Consulting” segment. Comparative results have been re-presented. |
