15. Investments in subsidiaries (cont’d.) a. (iii) The carrying amount and the fair values of the identifiable assets and liabilities of PMSSB as at the date of acquisition were as follows: At carrying At fair amount value RM’000 RM’000 Non-current assets 1,626 49,079 Current assets 71,074 71,074 Current liabilities (18,589) (18,589) Net identifiable assets and liabilities 54,111 101,564 Total cost of acquisition The cost of acquisition comprised cash consideration of RM54,111,000. The effect of the acquisition on cash flows in previous year is as follows: RM’000 Purchase consideration satisfied in cash 54,111 Less: Cash and cash equivalents of subsidiary acquired (56,008) Net cash inflow on acquisition (1,897) Gain on acquisition of subsidiary RM’000 Purchase consideration satisfied in cash 54,111 Less: Fair value of net identifiable assets (101,564) Gain on acquisition of subsidiary (47,453) Financial Statements 239
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