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GOODWILL
12 Months Ended
Dec. 31, 2017
GOODWILL  
GOODWILL

 

8.GOODWILL

 

The Group has one reporting unit; goodwill is carried by Tangning Garden resulting from the acquisition. The changes in carrying amount of goodwill for the years ended December 31, 2016 and 2017 were as follows.

 

 

 

As of December 31,

 

 

 

2016

 

2017

 

 

 

 

 

 

 

Costs:

 

 

 

 

 

Beginning balance

 

430

 

401

 

Acquisition of Tangning Garden

 

 

 

Foreign Currency Adjustment

 

(29

)

27

 

 

 

 

 

 

 

Ending balance

 

401

 

428

 

Accumulated goodwill impairment loss

 

 

 

 

 

 

 

 

 

Goodwill, net

 

401

 

428

 

 

 

 

 

 

 

 

Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be impaired. The Group did not record any impairment of goodwill for the years ended December 31, 2015, 2016 and 2017.