FGV Annual Report 2015

275 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (b) Incorporation, acquisitions and disposal of subsidiaries during the financial year (continued) (i) The effects of the acquisition of FGVCO is as follows: Carrying value Fair value RM’000 RM’000 Property, plant and equipment 125,434 151,085 Intangible assets - 13,803 Prepaid lease payments 27,991 29,752 Inventories 10,636 10,636 Trade and other receivables 798 798 Financial assets at fair value through profit or loss 2,827 2,827 Cash and cash equivalents 1,811 1,811 Payables (9,188) (9,188) Deferred tax liabilities - (10,304) Total net assets acquired 160,309 191,220 The cash outflow on acquisition is as follows: RM’000 Consideration paid 181,338 Less: Cash and cash equivalents acquired (1,811) 179,527 Less: Deposit paid in 2014 (86,624) Net cash outflow on acquisition 92,903 The goodwill on acquisition is as follows: RM’000 Purchase consideration 191,220 Fair value of net assets acquired (191,220) Goodwill on acquisition -