Annual Report 2016 - page 195

Annual Report 2016
181
Financial Section
45 Notes to Consolidated Statement of Cash Flows
(continued)
(b) Acquisition of subsidiaries
2016
2015
HK$m
HK$m
Net assets acquired
Investment properties
6,130.3
Land use rights
24.7
Property, plant and equipment
39.0
36.8
Intangible assets, other than goodwill
0.7
Inventories
0.8
81.5
Debtors and prepayments
9.9
40.9
Cash and bank balances
1.3
31.2
Creditors and accrued charges
(18.4)
(170.4)
Current tax payable
(0.1)
(1.3)
Deferred tax liabilities
(7.0)
Borrowings
(397.0)
Non-controlling interests
(2.1)
(197.9)
Net assets
30.4
5,572.5
Interests originally held by the Group as a joint venture
(54.5)
(1,237.2)
Interests originally held by the Group as an associated company
15.0
(9.1)
4,335.3
Goodwill on acquisition
2.5
81.4
Loss/(gain) on remeasurement of previously held interest of a joint venture at
fair value upon further acquisition to become a subsidiary
40.5
(986.6)
Gain on remeasurement of previously held interest of an associated company
at fair value upon further acquisition to become a subsidiary
(18.2)
Translation differences
(0.2)
Consideration
15.5
3,430.1
(c) Analysis of net outflow of cash and cash equivalents in respect of acquisition of
subsidiaries
2016
2015
HK$m
HK$m
Cash consideration
(15.5)
(3,430.1)
Cash and cash equivalents acquired
1.3
31.2
(14.2)
(3,398.9)
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