At the end of each quarter, the Group assesses whether there  is any indication that its property, plant and equipment and  other intangible assets may be impaired. If there is an indication of impairment, the recoverable  amount of the asset is estimated. Other intangible assets not  yet available for use or with indefinite useful lives are tested for  impairment annually irrespective of whether there is any  indication of impairment. When it is not possible to estimate the recoverable amount  of an individual asset, the Group estimates the recoverable  amount of the cash-generating unit to which the asset belongs.  A cash-generating unit is the smallest identifiable group of  assets that generates cash inflows that are largely independent  of the cash inflows from other assets or groups of assets. The recoverable amount is the higher of fair value less costs  of disposal and value in use. In measuring the value in use, the  estimated future cash flows are discounted to the present  value using a discount rate that reflects the time value of  money and the risks specific to the asset. The discount rate  used for calculating the recoverable amount is set at a rate  appropriate to each geographical area of operations. If the recoverable amount of an asset or a cash-generating  unit is less than its carrying amount, the carrying amount of the  asset or the cash-generating unit is reduced to its recoverable  amount, and the reduction is recognised in profit or loss as an  impairment loss. Goodwill is allocated to each of the cash-generating units, or  groups of cash-generating units, that is expected to benefit  from the synergies of the business combination, and it is  tested for impairment annually and whenever there is an indi- cation that the cash-generating unit may be impaired. If, at the  time of the impairment test, the recoverable amount of a cash- generating unit is less than its carrying amount, the carrying  amount of the cash-generating unit is reduced to its recover- able amount, and the reduction is recognised in profit or loss  as an impairment loss. Impairment loss is allocated to reduce the carrying amount  of any goodwill allocated to the cash-generating unit or group  of cash-generating units and then to the other assets on a pro  rata basis of the carrying amount of each asset in the cash- generating unit or group of cash-generating units. Financial assets at FVTPL are measured at fair value, and  any gain or loss resulting from changes in fair value, dividends,  and interest income are recognised in profit or loss. The Group classifies financial assets as FVTPL when the finan- cial assets are either held for trading or designated as FVTPL  at initial recognition. Non-derivative financial assets are classified into “financial  assets at FVTPL”, “held-to-maturity investments”, “loans and  receivables” and “available-for-sale financial assets”. The clas- sification is determined based on the nature and purpose of  the financial assets at the time of initial recognition. Transaction costs directly attributable to the acquisition of  financial assets or issuance of financial liabilities, other than  financial assets measured at fair value through profit or loss  (“financial assets at FVTPL”) and financial liabilities measured at  fair value through profit or loss (“financial liabilities at FVTPL”),  are added to the fair value of the financial assets or deducted  from the fair value of financial liabilities on initial recognition.  Transaction costs directly attributable to the acquisition of  financial assets at FVTPL and financial liabilities at FVTPL are  recognised in profit or loss. Financial assets and financial liabilities are recognised when  the Group becomes a party to the contractual provisions of the  instrument. Financial assets and financial liabilities are measured  at fair value at initial recognition. Any impairment loss recognised for goodwill is not reversed  in a subsequent period. At the end of each quarter, the Group assesses whether there  is any indication that an impairment loss recognised in prior  years for other intangible assets may no longer exist or may  have decreased. If such indication exists, the recoverable  amount of the asset or the cash-generating unit is estimated. If  the recoverable amount of the asset or the cash-generating  unit is greater than its carrying amount, a reversal of an impair- ment loss is recognised, to the extent the increased carrying  amount does not exceed the lower of the recoverable amount  or the carrying amount (net of depreciation or amortisation)  that would have been determined had no impairment loss  been recognised in prior years. Financial Section Annual Report 2014 _  Astellas Pharma Inc.  113 (a) Financial assets at FVTPL (ii) Non-derivative financial assets (ii) Impairment of goodwill (i) Initial recognition (14) Financial instruments (iii) Reversal of impairment loss (13) Impairment of property, plant and equipment,  goodwill, and other intangible assets (i) Impairment of property, plant and equipment and  other intangible assets