DESTINI AR 2017

5. Investment in Subsidiaries (Cont’d) (b) Acquisition of subsidiaries (Cont’d) In previous financial year (Cont’d) The following summarises the major classes of consideration transferred, and the recognised amounts of assets acquired and liabilities assumed at the acquisition date: Fair value of consideration transferred 2017 2016 RM RM Cash consideration paid 5,500,012 1,911,048 Fair value of identifiable assets acquired and liabilities assumed 2017 2016 RM RM Property, plant and equipment 1,099,214 - Inventories 649,364 124,449 Trade and other receivables 3,097,844 353,391 Cash and bank balances 8,230,270 5,290,581 Trade and other payables (21,914,237) (1,193,270) Finance lease liabilities (201,630) - Bank borrowings - (3,749,275) Total identifiable net (liabilities)/assets (9,039,175) 825,876 Net cash inflows arising from acquisition of subsidiaries 2017 2016 RM RM Purchase consideration settled in cash (5,500,012) (1,911,048) Cash and cash equivalents of subsidiaries acquired 8,230,270 5,290,581 2,730,258 3,379,533 Goodwill arising from business combination 2017 2016 RM RM Fair value of consideration transferred via cash 5,500,012 1,911,048 Non-controlling interests, based on their proportionate interest in the recognised amounts of the assets and liabilities of the acquiree (2,711,755) 630,335 Fair value of identifiable assets acquired and liabilities assumed 9,039,174 (825,876) Goodwill 11,827,431 1,715,507 129 DESTINI BERHAD Annual Report 2017