NOTES TO
THE ACCOUNTS
3
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT (CONTINUED)
(b) Goodwill
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FSI UFXY J]UJWNJSHJ (MFSLJX YT PJ^ FXXZRUYNTSX HFS FǨJHY XNLSNǩHFSYQ^ YMJ WJXZQYX TK YMJ NRUFNWRJSY YJXYX
0J^ FXXZRUYNTSX FWJ RFIJ \NYM WJXUJHY YT YMJ J]UJHYJI LWT\YM NS WJ[JSZJX FSI HTXY TK XJW[NHJX WJSIJWJI YNRNSL
of future capital expenditures, terminal value growth rates and selection of discount rate, which approximately
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MFSIQJI FSI YFWNǨ 9MJ [TQZRJ TK HTSYFNSJWX MFSIQJI \NQQ GJ NRUFHYJI G^ JHTSTRNH FSI LQTGFQ RFWPJY HTSINYNTSX FSI
NSǪZJSHJI G^ YMJ UJWKTWRFSHJ FSI LWT\YM TK WJLNTSFQ FSI NSYJWSFYNTSFQ YWFINSL JHTSTRNJX .K PJ^ J]UTWY RFWPJYX KTW
QTHFQ J]UTWYJWX J]UJWNJSHJ FS JHTSTRNH IT\SYZWS TW WJHJXXNTS J]UTWY [TQZRJX RF^ IJHWJFXJ 9MJ LWT\YM TK YFWNǨ
IJUJSIX TS YMJ ,WTZUdžX T[JWFQQ HTRUJYNYN[JSJXX \MNHM NX IJYJWRNSJI G^ F SZRGJW TK KFHYTWX XZHM FX LJTLWFUMNHFQ
WJFHM FSI HTSSJHYN[NY^ TUJWFYNSL JǫHNJSH^ GJWYM F[FNQFGNQNY^ RJLF [JXXJQ MFSIQNSL HFUFGNQNY^ YJHMSTQTL^ TǨJWNSLX
transportation and logistics network and ancillary services and facilities.
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.S FIINYNTS YMJ NSYWTIZHYNTS TK J[JW QFWLJW [JXXJQX G^ XMNUUNSL QNSJX \NQQ WJVZNWJ ZULWFINSL TK JVZNURJSY FSI SJ\ \TWP
practices to increase productivity so as to remain competitive.
(c) Customer relationships
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(ZXYTRJW WJQFYNTSXMNUX FWJ HFWWNJI FY HTXY QJXX FHHZRZQFYJI FRTWYNXFYNTS &RTWYNXFYNTS NX HFQHZQFYJI ZXNSL YMJ XYWFNLMY
line method over the expected life of the customer relationships.
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XZGOJHY YT FRTWYNXFYNTS FWJ WJ[NJ\JI YT IJYJWRNSJ \MJYMJW YMJWJ NX FS^ NSINHFYNTS YMFY YMJ HFWW^NSL [FQZJ TK YMJXJ
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WJHT[JWFGQJ FRTZSY NX YMJ MNLMJW TK FS FXXJYdžX KFNW [FQZJ QJXX HTXYX YT XJQQ FSI [FQZJ NS ZXJ 8ZHM NRUFNWRJSY QTXX NX
WJHTLSNXJI NS YMJ NSHTRJ XYFYJRJSY 2FSFLJRJSYdžX OZILJRJSY NX WJVZNWJI NS YMJ FWJF TK NSYFSLNGQJ FXXJY NRUFNWRJSY
UFWYNHZQFWQ^ NS FXXJXXNSL \MJYMJW FS J[JSY MFX THHZWWJI YMFY RF^ NSINHFYJ YMFY YMJ WJQFYJI FXXJY [FQZJX RF^ STY GJ
WJHT[JWFGQJ FSI \MJYMJW YMJ HFWW^NSL [FQZJ TK FS FXXJY HFS GJ XZUUTWYJI G^ YMJ WJHT[JWFGQJ FRTZSY GJNSL YMJ
MNLMJW TK KFNW [FQZJ QJXX HTXYX YT XJQQ TW SJY UWJXJSY [FQZJ TK KZYZWJ HFXM KQT\X \MNHM FWJ JXYNRFYJI GFXJI ZUTS YMJ
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(d) Depreciation
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charged as depreciation expense over the estimated useful lives of the respective assets using the straight-line method.
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[FQZJX YT IJYJWRNSJ FIOZXYRJSYX YT JXYNRFYJI WJRFNSNSL ZXJKZQ QN[JX FSI IJUWJHNFYNTS WFYJX
&HYZFQ JHTSTRNH QN[JX RF^ INǨJW KWTR JXYNRFYJI ZXJKZQ QN[JX 5JWNTINH WJ[NJ\X HTZQI WJXZQY NS F HMFSLJ NS IJUWJHNFGQJ
lives and therefore depreciation expense in future periods.
79
HUTCHISON PORT HOLDINGS TRUST
ANNUAL REPORT 2014
