FGV Annual Report 2015

282 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 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) (iii) The effects of the acquisition of APL is as follows: The purchase price allocation of APL was completed during the financial year. The effects of the final purchase price allocation are as follows: Carrying value Fair value RM’000 RM’000 Property, plant and equipment 393,215 376,243 Biological assets 225,183 261,946 Inventories 15,564 15,564 Trade and other receivables 3,282 3,282 Goodwill 17,272 - Tax recoverable 12 12 Cash and cash equivalents 18,904 18,904 Payables (102,602) (102,602) Borrowings (516,969) (517,120) Deferred tax liabilities (1,680) (1,295) Total net assets acquired 52,181 54,934 Non-controling interests - 18 52,181 54,952 The impact of the finalisation of the purchase price allocation is disclosed in Note 58. The cash outflow on acquisition is as follows: RM’000 Purchase consideration: 567,898 Less: Cash and cash equivalents acquired (18,904) Net cash outflow on acquisition 548,994 The goodwill on acquisition is as follows : RM’000 Purchase consideration: 567,898 Fair value of net assets acquired (54,952) Goodwill on acquisition 512,946 The Group recognised the non-current controlling interest in APL at the non-controlling interest’s proportionate share of the recognised amounts of APL’s identifiable net assets.