IOOF  | Annual Report 2012 18 Other intangible assets Impairment testing for cash-generating units containing indefinite life intangible assets For the purposes of impairment testing, indefinite life intangibles are allocated to the Group’s operating divisions, or CGUs, which  represent the lowest level within the Group at which the goodwill is monitored for internal management purposes. Each CGU is not higher than the Group’s operating segments as reported in Note 6 operating segments. The aggregate carrying amounts of indefinite-life intangible assets allocated to each CGU are as follows: The indefinite life intangible asset relates to the Ord Minnett and Lonsdale brand names. In designating brand names as indefinite  life, consideration was given to the length of time the brand names have been in existence and it was determined that there is no  foreseeable limit to the period over which the brand names are expected to generate net cash inflows for the Group. page 93 The recoverable amount for the Ord Minnett group brand name has been determined based on a royalty savings method of  calculating value in use. The calculation incorporates estimated costs of brand maintenance. The discount rate of 16.5% (2011: 17.3%)  used reflects the Group’s pre-tax nominal weighted average cost of capital. Management’s assessment of indefinite life intangible  value-in-use exceeds the value of the intangible asset allocated to the CGU, therefore any reasonably possible changes to assumptions  used in management’s assessment will not result in impairment. Consolidated Indefinite  life intangibles 2012 2011 $’000 $’000 Ord Minnett group 6,773  6,773  DKN group 500  - 7, 273 6,773  Consolidated Parent 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Cost 356,645  302,684  - - Accumulated amortisation and impairment losses (63,924) (43,687) - - 292,721  258,997  - -  Consolidated   Adviser  relationships   Computer  software   Customer  relationships   Brand names   Contract  agreements   Total  $’000 $’000 $’000 $’000 $’000 $’000 Carrying value Balance at 1 July 2010 2,689  5,016  239,079  21,852  8,058  276,694  Additions - 307  - - - 307  Disposals - - (24) - - (24) Amortisation for the year (916) (1,408) (13,884) (801) (971) (17,98 0) Balance at 30 June 2011 1,773  3,915  225,171  21,051  7,0 87 258,997  Balance at 1 July 2011 1,773  3,915  225,171  21,051  7,087  258,997  Acquisition through business  combination (see note 30) - 572  45,800  500  - 46,872  Additions 2,868  2,900  2,114 - - 7, 8 82 Disposals (537) (141) - - - (678) Amortisation for the year (253) (1,292) (17, 036) (800) (971) (20,352) Balance at 30 June 2012 3,851  5,954  256,049  20,751  6,116 292,721 