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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2019
INTANGIBLE ASSETS |
INTANGIBLE ASSETS | 15. INTANGIBLE ASSETS Intangible assets of the Group for fiscal years ended on December 31, 2019 and 2018 are as follows:
|  | Gross carrying amount |  | Depreciation |  |
|  | At the |  |  |  | Additions |  |  |  | At the |  | At the |  |  |  |  |  |  |  | At the |  | Net carrying
|  | beginning |  |  |  | by business |  |  |  | End of the |  | beginning |  |  |  | By business |  |  |  | End of the |  | amount at
Item |  | of the year |  | Additions |  | combinations |  | Disposals |  | year |  | of the year |  | Disposals |  | combinations |  | Of the year |  | year |  | 12/31/2019
Measurement at cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | 2,678,965 |  | 13,829 |  | — |  | — |  | 2,692,794 |  | — |  | — |  | — |  | — |  | — |  | 2,692,794
Brands |  | 146,907 |  | — |  | — |  | — |  | 146,907 |  | — |  | — |  | — |  | — |  | — |  | 146,907
Other intangible assets |  | 2,228,054 |  | 651,095 |  | — |  | (4,269) |  | 2,874,880 |  | (883,780) |  | 120 |  | — |  | (458,407) |  | (1,342,067) |  | 1,532,813
TOTAL |  | 5,053,926 |  | 664,924 |  | — |  | (4,269) |  | 5,714,581 |  | (883,780) |  | 120 |  | — |  | (458,407) |  | (1,342,067) |  | 4,372,514
|  | Gross carrying amount |  | Depreciation |  |
|  | At the |  |  |  | Additions |  |  |  | At the |  | At the |  |  |  |  |  |  |  | At the |  | Net carrying
|  | beginning |  |  |  | by business |  |  |  | End of the |  | beginning |  |  |  | By business |  |  |  | End of the |  | amount at
Item |  | of the year |  | Additions |  | combinations |  | Disposals |  | year |  | of the year |  | Disposals |  | combinations |  | Of the year |  | year |  | 12/31/2018
Measurement at cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | 255,323 |  | 2,423,642 |  | — |  | — |  | 2,678,965 |  | — |  | — |  | — |  | — |  | — |  | 2,678,965
Brands |  | — |  | 146,907 |  | — |  | — |  | 146,907 |  | — |  | — |  | — |  | — |  | — |  | 146,907
Other intangible assets |  | 1,723,407 |  | 1,300,811 |  | 2,520 |  | (798,684) |  | 2,228,054 |  | (1,271,996) |  | 618,809 |  | (2,143) |  | (228,450) |  | (883,780) |  | 1,344,274
TOTAL |  | 1,978,730 |  | 3,871,360 |  | 2,520 |  | (798,684) |  | 5,053,926 |  | (1,271,996) |  | 618,809 |  | (2,143) |  | (228,450) |  | (883,780) |  | 4,170,146
15.1 Goodwill impairment Goodwill is assigned to the Group’s cash generating units on the basis of the operating segments.
|  | 12/31/2019 |  | 12/31/2018
Supervielle Seguros S.A. |  | 7,115 |  | 7,115
Cordial Compañía Financiera S.A. |  | 177,578 |  | 177,578
Banco Regional de Cuyo S.A. |  | 63,419 |  | 63,419
InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U. |  | 1,355,982 |  | 1,355,982
Micro Lending S.A.U. |  | 1,067,660 |  | 1,067,660
Others |  | 21,040 |  | 7,211
TOTAL |  | 2,692,794 |  | 2,678,965
The recoverable amount of a cash generating unit is determined on the basis of its value in use. These method uses cash flow projections based on approved financial budgets covering a period of five years. The key assumptions are related to marginal contribution margins. These were determined on the basis of historic performances, other external sources of information and the expectations of market development. The discount rates used are the respective average cost of capital (“WACC”), which is considered a good indicator of the cost of capital. For each cash generating unit, where the assets are assigned, a specific WACC was determined considering the industry, the country and the size of the business. The main macroeconomic premises used are detailed below:
|  | Real |  | Forecast |  | Forecast |  | Forecast |  | Forecast |  | Forecast |
|  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |
Inflation (end of period) |  | 54.3 | % | 44.2 | % | 25.3 | % | 17.2 | % | 10.0 | % | 8.5 | %
Inflation (average) |  | 53.3 | % | 54.6 | % | 29.3 | % | 20.6 | % | 13.1 | % | 9.1 | %
Cost of funding (end of period) |  | 61.4 | % | 36.8 | % | 25.9 | % | 15.4 | % | 11.5 | % | 11.5 | %
Cost of funding (average) |  | 65.0 | % | 45.2 | % | 31.4 | % | 19.9 | % | 13.2 | % | 11.5 | %
Loan’s interest rate (average) |  | 78.3 | % | 61.0 | % | 50.0 | % | 41.8 | % | 39.2 | % | 39.0 | %
Goodwill has been tested annually for impairment. No impairment adjustments have been determined over these assets as a result of the tests performed. The sensitivity analysis for the cash-generating unit to which the Goodwill was allocated was based on a 5% increase in the weighted average cost of capital. The Group concluded that no impairment loss would need to be recognized on the Goodwill in the segment under these conditions.

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- Definition The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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