FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 264 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (b) Acquisition, dilution of interest and closure of subsidiaries during the financial year (continued) (i) The effects of the acquisition of Yapidmas is as follows: Carrying value RM'000 Fair value RM'000 Property, plant and equipment 320,754 659,653 Inventories 2,314 2,314 Trade and other receivables 9,202 9,202 Cash and cash equivalents 10,882 10,882 Payables (18,821) (18,821) Borrowings (697) (697) Deferred tax liabilities (25,754) (107,090) Total net assets acquired 297,880 555,443 The cash outflow on acquisition is as follows: RM'000 Consideration paid 655,000 Less : Cash and cash equivalents acquired (10,882) 644,118 Less: Deposit paid in 2015 (365,500) Net cash outflow on acquisition 278,618 The goodwill on acquisition is as follows : RM'000 Purchase consideration 655,000 Fair value of net assets acquired (555,443) Goodwill on acquisition (Note 21) 99,557