Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2014 are as follows:



	Beginning balance at January 1, 2014	Impairment	Foreign currency translation adjustment		Ending balance at March 31, 2014
	$'000	$'000	$'000		$'000

Owned hotels:
Europe	77,781	—	(1,984	)	75,797
North America	49,991	—	—		49,991
Rest of world	21,107	—	(6,369	)	14,738
Owned trains and cruises	8,037	—	39		8,076

Total	156,916	—	(8,314	)	148,602

The gross goodwill amount at January 1, 2014 was $191,243,000 and the accumulated impairment at that date was $34,327,000. All impairments to that date related to hotel and restaurant operations.

There were no triggering events in the three months ended March 31, 2014 that would have required OEH to reassess the carrying value of goodwill.