MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 230 15. INVESTMENTS IN SUBSIDIARIES (CONT'D.) (a) Additional investments in subsidiaries (cont'd.) (ii) In the previous financial year (cont'd.) (d) Gain on acquisition of subsidiary (cont'd.) The effect of the acquisition on cash flows is as follows: RM'000 Purchase consideration satisfied in cash 238,565 Less: Cash and cash equivalents of subsidiary acquired (37,779) Net cash outflow on acquisition 200,786 Loss from remeasurement of previously held interest in the joint venture on the date of acquisition RM'000 Carrying amount of equity interests previously owned at the date of acquisition 273,501 Less: Fair value of equity interests previously owned at the date of acquisition (249,201) Loss from remeasurement of previously held interest in the joint venture 24,300 Gain on acquisition of subsidiary RM'000 Purchase consideration satisfied in cash 238,565 Fair value of equity interests previously owned at the date of acquisition, net of intra-group elimination 227,149 465,714 Less: Fair value of net identifiable assets (498,401) Gain on acquisition of subsidiary (32,687)