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Datasonic Group Berhad
(Company No. 809759-X)
123
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
(Continued)
39. ACQUISITION OF SUBSIDIARIES (CONT’D)
(b) In the previous financial period, the Group acquired 99.45% equity interest in DMSB together
with its wholly-owned subsidiary, CASB.
The fair values of the identifiable assets and liabilities of the subsidiaries at the date of acquisition
were as follows:-
Group
2015
RM’000
Equipment
1,830
Inventories
2,056
Trade receivables
33
Other receivables and deposits
9,698
Cash and cash equivalents
4,975
Trade payables
(315)
Other payables and accruals
(453)
Amount owing to a director
(1)
Net identifiable assets and liabilities
17,823
Less: Non-controlling interests
(98)
Add: Goodwill on acquisition
4,153
Total purchase consideration
21,878
Less: Cash and cash equivalents of subsidiaries acquired
(4,975)
Net cash outflow for acquisition of subsidiaries
16,903
The non-controlling interests were measured at their proportionate share of the fair value of
acquiree’s identifiable net assets at the date of acquisition.
(c) The acquired subsidiaries have contributed the following results to the Group:-
Group
16.7.2014
to
31.3.2015
RM’000
Revenue
512
Loss after taxation
5,168
If the acquisition had taken place at the beginning of the previous financial period ended 31
March 2015, the Group’s revenue and profit after taxation would have been RM285,613,000
and RM71,652,000 respectively.