FGV Annual Report 2014

22 Investment in Subsidiaries (continued) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) (iv) The effects of the acquisition of CNL is as follows: Carrying Final value fair value RM’000 RM’000 Intangible assets – 75,035 Receivables 25 25 Cash and cash equivalents 113 113 Payables (361) (361) Deferred tax liabilities – (15,757) Total net assets acquired (223) 59,055 Non-controling interests – (17,716) (223) 41,339 The cash outflow on acquisition is as follows: RM’000 Purchase consideration: 43,151 Less: Deposit paid in 2013 * Less: Deferred consideration payable (43,151) Net cash outflow on acquisition – * Deposit paid in 2013 was RM22. The goodwill on acquisition is as follows: RM’000 Purchase consideration: 43,151 Fair value of net assets acquired (41,339) Goodwill on acquisition 1,812 The Group’s statement of financial position was restated to reflect these effects. The effects of the acquisition of CNL on the previous year’s financial results of the Group were not material. The deferred consideration was paid in March 2015. Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 261