178 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 15. Investment in subsidiaries (cont'd) (b) In the previous financial year: (cont'd) (i) Additional investments (cont'd) PASB BFDSB Total RM RM RM Liabilities Loans and borrowings 46,099,641 - 46,099,641 Trade and other payables 63,243,513 4,195,448 67,438,961 Provision for taxation 58,887 - 58,887 Total liabilities 109,402,041 4,195,448 113,597,489 Total identifiable net assets 24,259,353 127,806 24,387,159 Less: non-controlling interest (395,624) (38,342) (433,966) Group's interest in fair value of identifiable net assets 23,863,729 89,464 23,953,193 Less: Fair value of existing shareholdings (12,156,729) - (12,156,729) Less: cash consideration paid (11,707,000) (105,000) (11,812,000) Goodwill - (15,536) (15,536) The effect of the acquisition on cash flows was as follows: PASB BFDSB Total RM RM RM Purchase consideration 11,707,000 105,000 11,812,000 Less: Cash and cash equivalents of subsidiaries acquired (724,023) (2,102) (726,125) Net cash outflow on acquisition 10,982,977 102,898 11,085,875 (ii) Disposal of subsidiaries KLLSB disposed its entire shareholding in Kii Tebrau Sdn. Bhd. ("KTSB") for a cash consideration of RM7. PASB disposed its entire shareholdings in Rex Series Sdn Bhd ("RSSB") for a cash consideration of RM6.
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