ANNUAL REPORT 2016
Jointly controlled subsidiary UQ Consult, as described in Note 5, with the following breakdown:
Dec. 2016
Dec. 2015
Goodwill (1)
2,168,982
2,168,982
Equity (2)
248,649
248,909
2,417,631
2,417,891
(1) with evidence of impairment, tests were performed to the jointly controlled subsidiary UQ
Consult, as follows:
Goodwill
2,168,982
Other net assets
248,649
Total
2,417,631
Impaiment test
2,999,691
With the discount rate used of 7.4%, it was concluded that there was no impairment.
As the recoverable amount is greater than the accounting value by more than 20%, no sensi-
tivity analysis has been performed.
(2) reconciliation of equity and net income of the joint venture UQ Consult, is presented as
follows:
Dec. 2016
Dec. 2015
Equity
497,297
497,819
50%
50%
248,649
248,913
Net profit
-521
-61,924
50%
50%
-261
-30,963
245
