Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 129

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 129
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will and computer system. Intangible assets are carried at cost less accumulated amortization and any recorded impairment (Note 6).

Except for goodwill, other intangible assets are amortized using straight-line
method with annual rates (Note 6).

3. CRITICAL ACCOUNTING ESTIMATES AND SIGNIFICANT MANAGEMENT JUDGMENTS

The preparation of financial statements requires
the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgment
in applying the Group’s accounting policies.

This note provides an overview of the areas that
involved a higher degree of judgment or complexity, and of items which are more likely to be materially adjusted due to estimates and
assumptions turning out to be wrong. Detailed information about each of these estimates and judgments is included in other notes together
with information about the basis of calculation for each affected line item in the financial statements.

Significant estimates and judgments

Estimates and judgments are continually evaluated.
They are based on historical experience and other factors, including expectations of future events that may have a financial impact on
the Group and that are believed to be reasonable under the circumstances.

Impairment
of non-financial assets

At
the end of each reporting period, the Group reviews the carrying amounts of the following assets to determine whether there is any indication
that those assets have suffered an impairment loss or an impairment loss previously recognized no longer exists or may have decreased:

  property,             

  investment      

  goodwill                          

  right-of-use  

If
the recoverable amount (i. e. the greater of the fair value less costs of disposal and value in use) of an asset is estimated to be less
than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognized as
an expense immediately, unless the relevant asset is carried at a revalued amount under another IFRS Accounting Standards, in which case
the impairment loss is treated as a revaluation decrease under that IFRS Accounting Standards. Where an impairment loss subsequently
reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased
carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset
in prior years. A reversal of an impairment loss is recognized in profit or loss immediately, unless the relevant asset is carried at
a revalued amount under another IFR