Sasbadi Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 136 SASBADI HOLDINGS BERHAD (1022660-T) I BER AD (10 2 60-T) 29. Acquisition of subsidiaries and non-controlling interests (continued) 29.1 Acquisition of subsidiaries (continued) The following summarises the major classes of consideration transferred and the recognised amounts of assets acquired and liabilities assumed at the respective acquisition dates: Group 2017 2016 RM’000 RM’000 Fair value of consideration transferred Cash and cash equivalents 850 4,350 Identifiable assets acquired and liabilities assumed Property, plant and equipment 361 5,273 Investment properties - 2,640 Intangible assets – Intellectual properties - 5,305 Deferred tax assets - 396 Trade and other receivables 73 7,638 Cash and cash equivalents 3 (1,796) Inventories 25 4,753 Current tax assets - 107 Trade and other payables (95) (8,837) Borrowings (44) (5,276) Deferred tax liabilities (6) (1,538) Total identifiable net assets 317 8,665 Net cash outflow arising from acquisition of subsidiaries Purchase consideration settled in cash and cash equivalents (850) (4,350) Cash and cash equivalents acquired 3 (1,796) (847) (6,146)