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48 2. Signi!cant accounting policies (continued)vi) Business combinations and goodwill (continued)Goodwill is initially measured at cost being the excess of the aggregate of the consideration transferred and the amountrecognized for non-controlling interest over the net identi\med. If thisconsideration is lower than the fair value of the net assets of the subsidiary acquired, the di#erence is recognized in a consolidatedstatement of income.A%er initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose ofimpairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group%u2019scash-generating units that are expected to bene\ assets or liabilities of the acquiree are assigned to those units.Where goodwill forms part of a cash-generating unit and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of in this circumstance is measured based on the relative values of the operation disposed of and the portion of the cash-generating unit retained.vii) Investments IFRS 9, %u2018Financial Instruments: Classi!cation and Measurement%u2019In 2011, the Group applied IFRS 9 (as issued in November 2009 and revised in October 2010) and the related consequential amendments in advance of its e#ective date. !e Group chose to apply the exemption given in the transitional provision for early application of IFRS 9 and hence did not restate comparative information in the year of initial applicationAt fair value through statement of comprehensive incomeInvestments in equity instruments are classi%unless the Groupdesignates an investment that is not held for trading as at fair value through statement of comprehensive income (FVSCI) on initial recognition.!e Group carries \g period, with any gains or losses arising on remeasurement recognised in the statement of comprehensive income. !e net gain or loss recognised in the statement of comprehensive income is included in the %u2018other income%u2019 line item (Note 14). Fair value is determined in the manner described in Note 20.Notes to the Consolidated FInancial Statementsfor the Year Ended 31 December 2013(Expressed in thousands of Trinidad and Tobago Dollars, except where otherwise stated) (Continued)