Thorn-EMI 1995 Annual Report
Thorn-EMI 1995 Annual Report
Thorn-EMI 1995 Annual Report
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Notes to the a(counts<br />
3O. Purchase of bullnesses continued<br />
Otber acquisitions - Several other smaller acquisitions have been made in the year, principally<br />
Intercord inJuly 1994 and Star Song Communications in October 1994. Integration costs of<br />
L6.2m have been accrued as operating exceptional items in the current year results. The<br />
combined fair value balance sheet is provided below.<br />
Book v.luc of<br />
..s.ts.cquired Adiurtmdtr<br />
the Group<br />
Music copyrights<br />
<br />
<br />
Tangible fixed assets<br />
Stock<br />
Debtors<br />
Creditors<br />
Provisions<br />
Minority interest<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Net liabilities acquired (before cash) <br />
<br />
Total consideration<br />
Satisfied by:<br />
Cash<br />
Net cash acquired<br />
Net cash consideration<br />
<br />
<br />
<br />
<br />
<br />
<br />
The adjustments to book value of f3.0m were made to bring the valuation of the assets acquired<br />
in line with the Group's accounting policies.<br />
Goodwill arising on acquisitions in the year comprises:<br />
Purchase price<br />
Cash acquired<br />
Net cash consideration<br />
Fair value to the Group (before cash acquired)
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