31. ACQUISITION/INCORPORATION OF SUBSIDIARIES (CONTINUED) (iv) The following summarises the major classes of consideration transferred, and the recognised amounts of assets acquired and liabilities assumed of Ping Group at the acquisition date: (continued) (d) Gain on remeasurement of previously held interests Group 30.6.2021 RM’000 Equity accounting of Ping at 30% as at 30 June 2021 165,214 Less: Ping shareholders’ equity at 100% as at 30 June 2021 669,780 Less: Fair value adjustment of intangible assets 161,763 831,543 Remeasurement at 30% previously held interests (249,463) Gain on remeasurement of previously held interests (84,249) (e) Bargain purchase gain from business combination Group 30.6.2021 RM’000 Fair value of consideration transferred 309,430 Fair value of previously held interests 249,463 558,893 Non-controlling interests, based on their proportionate interests 83,154 Less: Fair value of identifiable net assets acquired (831,543) Bargain purchase gain from business combination (189,496) (f) Impact of acquisition on the Group’s results The acquired subsidiaries have contributed the following results to the Group: Group 1.1.2020 to 30.6.2021 RM’000 Revenue – If the acquisition had taken place at the beginning of the previous financial period, the Group’s revenue would have increased by RM285,822,000. 281 DNeX INTEGRATED REPORT 2022
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