Annual Report 2009

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 / Annual Report 2009 年報 132 Notes to the Consolidated Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2009 綜合財務報表附註 截至二零零九年十二月三十一日止年度 16. 商譽減值測試（續） 力量光學 此單位可收回金額按使用價值計算方法來釐 定。此方法使用現金流量預測的方法，該預 測是基於管理層批准之五年期財務預測，並 且折扣率為 14% （二零零八年： 19% ）。力量 光學的現金流量在五年期後以 2.5% 穩定增長 率推算。這一增長率是根據力量光學及相關 行業過往數年的增長趨勢為依據。按照使用 價值計算的其他關鍵假設涉及到含括銷售預 算和毛利率預算的現金流入╱出預估，該預 估是根據該單位的過去的業績和管理層對市 場的發展預期而釐定的。管理層認為，這些 假設可能可能發生的合理變化，不會造成力 量光學的賬面價值總額的超過力量光學合計 的可收回的總金額。董事認為，無需就力量 光學的商譽作出減值處理。 16. IMPAIRMENT TESTING ON GOODWILL (Continued) Power Optics The recoverable amount of this unit has been determined based on a value in use calculation. That calculation uses cash flow projections based on financial budgets approved by management covering a five-year period, and discount rate of 14% (2008: 19%). Power Optics’ cash flows beyond the five-year period are extrapolated using a steady 2.5% growth rate. This growth rate is based on the past few years growth trend of Power Optics and relevant industry. Other key assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on the unit’s past performance and management’s expectations for the market development. Management believes that any reasonably possible change in any of these assumptions would not cause the aggregate carrying amount of Power Optics to exceed the aggregate recoverable amount of Power Optics. In the opinion of directors, no impairment is necessary for the goodwill of Power Optics.