BuyQualityEssays.com – (100% Good rated)The short term growth rate is the Board approved compound annual growth rate for the four year period following

(1) The short term growth rate is the Board approved compound annual growth rate for the four year period following the January 2022 financial year
currently underway.
(2) The long term growth rate is the rate used thereafter, which is an estimate of the growth based on past experience within the Group taking account of
economic growth forecast for the relevant industries.
(3) The discount rate applied is a pre-tax measure based on the historical industry average weighted-average cost of capital, with a possible debt leverage
of 15% at a market interest rate of 5%. The discount rate applied reflects any specific risk premiums relevant to the individual cash-generating unit. The
impact of the Right of Use asset funding under IFRS 16 has been taken into consideration and factored into the calculation of the discount rate. These
discount rates are considered to be equivalent to the rates a market participant would use.