Founded in 1987, Huawei is a leading global provider of information and communications

part is depreciated separately. Both the useful 
life of an item of investment property and 
other property, plant and equipment and its 
residual value, if any, are reviewed annually.
Freehold land and construction in progress are 
not depreciated.
(h) Goodwill and intangible assets
(i) Goodwill
Goodwill represents the excess of the fair 
value of consideration paid to acquire a 
subsidiary over the acquisition date fair value 
of the acquiree’s identifiable assets acquired 
less liabilities, including contingent liabilities, 
assumed as at the acquisition date, less 
impairment losses (see note 3(j)).