FGV Annual Report 2014

22 Investment in Subsidiaries (continued) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) (i) The effects of the acquisition of PUP was as follows: Carrying value Fair value RM’000 RM’000 Property, plant and equipment 147,721 766,625 Interests in associates 12,345 46,075 Biological assets 58,498 453,042 Inventories 5,874 5,874 Receivables 6,305 6,305 Tax recoverable 4,196 4,196 Amount due from associates 4,270 4,270 Financial asset at fair value through profit and loss 7,769 7,199 Cash and cash equivalents 205,895 205,895 Payables (23,578) (23,578) Deferred tax liabilities (20,661) (209,113) Total net assets acquired 408,634 1,266,790 Non-controlling interests (21,137) (190,187) 387,497 1,076,603 The cash outflow on acquisition was as follows: RM’000 Purchase consideration 1,203,841 Less: Cash and cash equivalents acquired (205,895) Net cash outflow on acquisition 997,946 The goodwill on acquisition was as follows: RM’000 Purchase consideration 1,203,841 Fair value of net assets acquired (1,076,603) Goodwill on acquisition (Note 21) 127,238 The Group recognised the non-current controlling interest in PUP at the non-controlling interest’s proportionate share of the recognised amounts of PUP’s identifiable net assets. Felda Global Ventures Holdings Berhad pg 256 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014