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NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 JUNE 2015 8. Impairment a Impairment tests for licences tradenames brands and goodwill The value of licences tradenames brands and goodwill is allocated to the Groups cash generating units CGUs identified as Regional being Regional free to air commercial radio and television broadcasting and Metro being Metro free to air commercial radio broadcasting. The recoverable amount of Regional and Metro at 30 June 2015 and 30 June 2014 was determined based on a value in use discounted cash flow DCF model. Allocation of goodwill and other intangible assets Consolidated 2015 Regional CGU 000 Metro CGU 000 Total 000 Goodwill allocated to CGU Indefinite lived intangible assets allocated to CGU 673239 616201 1289440 Total goodwill and indefinite lived intangible assets 673239 616201 1289440 Key Judgement Value in use assumptions see part b Revenue growth Forecast Period 2.4 4.1 Cost growth Forecast Period 2.3 4.3 Long-term growth rate terminal value 1.4 2.5 Discount rate pre-tax 12.8 12.3 Consolidated 2014 Regional CGU 000 Metro CGU 000 Total 000 Goodwill allocated to CGU 35733 35733 Indefinite lived intangible assets allocated to CGU 758185 856694 1614879 Total goodwill and indefinite lived intangible assets 758185 892427 1650612 Key Judgement Value in use assumptions see part b Revenue growth Forecast Period 1.8 4.1 Cost growth Forecast Period 2.2 2.7 Long-term growth rate terminal value 2.5 3.0 Discount rate pre-tax 12.6 12.3 b Key assumptions used for value in use calculations The value in use calculations use cash flow projections based on the 2016 financial budgets extended over the subsequent four-year period Forecast Period and apply a terminal value calculation using estimated growth rates approved by the Board for the business relevant to each CGU. In determining appropriate growth rates to apply to the Forecast Period and to the terminal calculation the Group considered forecast reports from independent media experts as well as internal Company data and assumptions. In respect to each CGU the market growth rates did not exceed the independent forecast reports. The discount rate used reflects specific risks relating to the relevant segments and the economies in which they operate. 50 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015