Page 48 - Sector Alarm Annual Report 2020

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Goodwill is not amortised. However, goodwill is tested for impairment at least annually, or when there are identified impairment indicators. An impairment assessment was performed at 31 December 2020. The group use the estimated recoverable value of the customer portfolio as an indicator for the total value of the customer portfolio and goodwill combined. The recoverable value were calculated using a value in use approach were using recurring annual revenue and a multiple based on comparable market transactions adjusted for key assumptions on size and quality of the portofolio. The impairment tests results in a headroom of minimum 140% on all the portfolios. As such the impairment test did not reveal an indication of impairment.
Amounts in TNOK
2020
Norwegian portfolio
Irish portfolio
Swedish portfolio
Finnish portfolio
Spanish portfolio
French portfolio
Total
Amounts in TNOK
2019
Norwegian portfolio
Irish portfolio
Swedish portfolio
Finnish portfolio
Spanish portfolio
French portfolio
Total
Opening balance
133 420
513 349
353 961
115 014
4 093
19 029
1 138 866
Opening balance
133 420
517 747
363 670
115 999
4 128
19 192
1 154 157
Acquisition Disposals
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Acquisition Disposals
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Translation differences
0
31 565
37 225
7 072
252
1 170
77 284
Translation differences
0
-4 398
-9 709
-986
-35
-163
-15 291
2020
Closing balance
133 420
544 914
391 186 122 086 4 345
20 199
1 216 150
Closing balance
133 420
513 349
353 961 115 014 4 093
19 029
1 138 866
2019
202 167 -14 073 188 093
84 454 44 692 317 239
Note 8 / Trade receivables and other receivables Amounts in TNOK
Trade receivables
Allowance for impairment of trade receivables
Trade receivables net
Advance payments
Other receivables
Total trade receivables and other receivables
197 657
-19 139
178 518
94 162
18 015
290 695
For short-term receivables, the carrying amount is considered to be a reasonable approximation of fair value.
Total overdue trade receivables in the Group are associated with a large number of independent customers. The age distribution of these receivables is: