Sasbadi Annual Report 2019

PAGE 138 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) 29. Acquisition of subsidiary (continued) The following summarises the major classes of consideration transferred and the recognised amounts of assets acquired and liabilities assumed at the acquisition date: Group 2018 RM’000 Fair value of consideration transferred Cash and cash equivalents 860 Identifiable assets acquired and liabilities assumed Property, plant and equipment 22 Trade and other receivables 510 Cash and cash equivalents 175 Inventories 125 Current tax liabilities (17) Trade and other payables (131) Deferred tax liabilities (2) Total identifiable net assets 682 Net cash outflow arising from acquisition of subsidiary Purchase consideration settled in cash and cash equivalents (860) Cash and cash equivalents acquired 175 (685) Goodwill was recognised in the previous financial year for the acquisition of Pinko Creative as follows: Group 2018 RM’000 Total consideration transferred 860 Fair value of net identifiable assets (682) Goodwill 178