31. ACQUISITION/INCORPORATION OF SUBSIDIARIES (CONTINUED) (i) The following summarises the major classes of consideration transferred, and the recognised amounts of assets acquired and liabilities assumed of Silterra and its subsidiaries (“Silterra Group”) at the acquisition date: (continued) (d) Bargain purchase gain from business combination Group 30.6.2022 RM’000 Fair value of consideration transferred 163,800 Non-controlling interests, based on their proportionate interests 285,538 Less: Fair value of identifiable net assets acquired (713,846) Bargain purchase gain from business combination (264,508) (e) Impact of acquisition on the Group’s results The acquired subsidiaries have contributed the following results to the Group: Group 1.7.2021 to 30.6.2022 RM’000 Revenue 857,668 If the acquisition had taken place at the beginning of the current financial year, the Group’s revenue would have increased by RM64,678,000. In the previous financial period, the Group acquired/incorporated: (ii) a 49% equity interest in PT Dagang Samudera Hutama comprising 10,000 ordinary shares for a total cash consideration of IDR10,000,000,000 (RM2,950,000). (iii) a 95% equity interest in PT DNeX Telco Indonesia comprising 2,375 ordinary shares for a total cash consideration of IDR2,375,000,000 (RM715,000). (iv) an additional 60% equity interest in Ping Petroleum Limited and its subsidiaries (“Ping Group”) comprising 21,428,566 ordinary shares which was satisfied by a combination of cash amounting to USD40,950,000 and issuance of 192,368,414 new ordinary shares. 279 DNeX INTEGRATED REPORT 2022
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