FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 251 22 INVESTMENT IN SUBSIDIARIES (Cont’d.) (b) Incorporation and acquisition of subsidiaries (Cont’d.) (ii) The effects of the acquisition of FHB is as follows: Provisional Carrying value Fair value RM’000 RM’000 Property, plant and equipment 2,267,710 3,174,282 Prepaid lease payments 40,404 40,404 Investment properties 34,172 129,628 Intangible assets 42,989 42,989 Interests in associates 172,195 330,139 Interests in joint ventures 367,119 389,811 Deferred tax assets 41,717 41,717 Available-for-sale financial assets 211,575 211,575 Biological assets 55,197 130,239 Inventories 969,649 969,649 Assets held for sale 53,189 57,615 Receivables 622,449 622,449 Tax recoverable 48,852 48,852 Amount due from related companies 287,573 287,573 Amount due from joint ventures 176,265 176,265 Amount due from an associate 37 37 Financial asset at fair value through profit and loss 7,763 7,763 Cash and cash equivalents 1,656,592 1,656,592 Payables (771,315) (771,315) Liabilities held for sale (95,339) (95,339) Amount due to a significant shareholder (299,384) (299,384) Borrowings (1,098,736) (1,098,736) Derivative financial liabilities (7,615) (7,615) Deferred tax liabilities (167,830) (350,303) Provision (27,000) (27,000) Provision for defined benefit plan (16,026) (16,026) Total net assets acquired 4,572,202 5,651,861 Non-controling interests (955,215) (1,272,853) 3,616,987 4,379,008 The cash outflow on acquisition is as follows: RM’000 Purchase consideration: - settled in cash 1,132,600 - loan from a significant shareholder 1,067,400 Total purchase consideration 2,200,000 Less: Cash and cash equivalents acquired (1,656,592) Net cash outflow on acquisition 543,408