|United States Dollar|
|Figures in millions unless otherwise stated||2018||2017|
|Balance at beginning of the year||76.6||317.8|
|Balance at end of the year||–||76.6|
The goodwill arose on the acquisition of South Deep and was attributable to the upside potential of the asset, synergies, deferred tax and the gold multiple.
The total goodwill is allocated to South Deep, the cash-generating unit (“CGU”) where it is tested for impairment. For the year ended 31 December 2018, the Group fully impaired the remaining South Deep goodwill balance by recognising an impairment of R963.9 million (US$71.7 million) (2017: R3,495.0 million (US$277.8 million)) at South Deep (refer note 6 for further details).
In line with the accounting policy, the recoverable amount was determined with reference to “fair value less costs of disposal” (“FVLCOD”). Management’s estimates and assumptions used in the 31 December 2018 FVLCOD calculation include:
Refer to accounting policies for further discussion on the significant judgements and estimates associated with assessing the carrying value of property, plant and equipment and goodwill.