Regulations Governing the Preparation of Financial Reports by Securities Firms Article 33-2

Goodwill which is recognized in connection with a business combination of a securities firm shall be presented as a single line item in the balance sheet, and shall be tested for impairment at least annually in accordance with IAS 36. If there is any significant difference between the actual operation conditions of the acquired company after the business combination and the expected benefits at the time of acquisition, it shall be disclosed in the notes.