Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 166

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 166
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 3,893         23      -          3,916          86  
  Goodwill                 4,118       4,118          -          -      -              -       4,118  
                          14,175      14,175      8,671        575      -          9,246       4,929  
  2023                                                                                                
  Technologies             6,055       6,055      3,900        573      305        4,778       1,277  
  Customer relations       4,002       4,002      1,273        245      2,375      3,893         109  
  Goodwill                10,429       4,118          -          -      -              -       4,118  
                          20,486      14,175      5,173        818      2,680      8,671       5,504  
  2022                                                                                                
  Technologies             6,055       6,055      2,665      1,145      90         3,900       2,155  
  Customer relations       4,002       4,002        379        531      363        1,273       2,729  
  Goodwill                10,998      10,429          -          -      -              -      10,429  
                          21,055      20,486      3,044      1,676      453        5,173      15,313  

Amortization expenses for the years ended December
31, 2024, 2023 and 2022 were $575thousand, $818thousand and $1,676thousand, respectively.

Impairment losses of intangible assets (rather
than goodwill) for the years ended December 31, 2024, 2023 and 2022 were $0, $2,680thousand and $453thousand, respectively. For further
information, see below.

Testing of goodwill impairment

For the year ended December 31, 2024

NetNut CGU

The Company performed the annual goodwill impairment
test for its NetNut CGU at December 31, 2024. The recoverable amount was assessed by management based on value-in-use calculation which