Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 37 ACQUISITION OF SUBSIDIARIES (CONTINUED) Acquisition of subsidiaries in the previous financial year (continued) Details of the acquisition and the net cash flow on acquisition were as follows: At the date of acquisition RM’000 Right-of-use assets 67,531 Inventories 2 Trade and other receivables 126 Cash and bank balances 6,099 73,758 Less: Trade and other payables 111 Current tax liabilities 603 Deferred tax liabilities 281 995 Total identifiable net assets acquired 72,763 Less: Transaction costs (1,276) Net assets acquired 71,487 Total consideration paid in cash 71,487 Less: Cash and cash equivalents of subsidiary acquired (6,099) Net cash outflow of the Group on acquisition 65,388 Integrated Annual Report 2023 262
RkJQdWJsaXNoZXIy NDgzMzc=