ESR IR 2021 - EN

72 STEP FORWARD Notes to Condensed Consolidated Financial Information 30 June 2021 18. BUSINESS COMBINATION (continued) For the six months ended 30 June 2021, no revenue was recognised from the acquisition of MOL and a loss of US$499,000 was recorded in the Group’s results. Had the combination taken place at the beginning of the period, the revenue from continuing operations of the Group and the profit of the Group for the period would have been US$204,399,000 and US$223,616,000, respectively. Reconciliation of the carrying amount of the Group’s goodwill at the beginning and end of the reporting period is presented below: US$’000 Gross carrying amount At 1 January 2021 340,243 Acquisition of a subsidiary 332,888 At 30 June 2021 673,131 Accumulated impairment losses At 1 January 2021 – Impairment losses recognised during the period – At 30 June 2021 – Net carrying amount At 1 January 2021 340,243 At 30 June 2021 673,131