FGV Annual Report 2015

279 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) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) (i) The effects of the acquisition of GP is as follows: Carrying value Fair value RM’000 RM’000 Property, plant and equipment 133 133 Intangible assets 7,938 25,012 Trade and other receivables 2,437 2,437 Tax recoverables 4 4 Cash and cash equivalents 2,163 2,163 Deferred tax assets 473 473 Payables (791) (791) Taxation (63) (63) Deferred tax liabilities - (4,783) Total net assets acquired 12,294 24,585 Non-controlling interests - (3,687) 12,294 20,898 The cash outflow on acquisition is as follows: RM’000 Purchase consideration: 31,856 Less: Cash and cash equivalents acquired (2,163) Net cash outflow on acquisition 29,693 The goodwill on acquisition is as follows: RM’000 Purchase consideration: 31,856 Fair value of net assets acquired (20,898) Goodwill on acquisition 10,958 The Group recognised the non-current controlling interest in GP at the non-controlling interest’s proportionate share of the recognised amounts of GP’s identifiable net assets.