Change - S P Setia Berhad

131
S P Setia Berhad Group
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
44. ACQUISITION OF SHARES IN SUBSIDIARY COMPANIES (cont’d)
Details of the assets, liabilities and net cash outflow arising from the acquisition of new subsidiary companies were as follows:
Carrying/Fair value
2008 2007
RM’000
RM’000
Cash and cash equivalents –* –**
Other payables and accruals (19) –
Net (liability)/asset acquired (19) –**
Goodwill on acquisition written off 19 –
Total purchase consideration – –**
Less: Cash and cash equivalents acquired –* –**
Net cash outflow on acquisition of new subsidiary companies – –
* Represent RM4
** Represent RM106
The revenue and net loss for the year in which the acquisition took place and their post acquisition contribution included in the
consolidated income statement were as follows:
2008 2007
RM’000
RM’000
Revenue
During the financial year – –
Pre-acquisition – –
Post-acquisition – –
Net loss for the year
During the financial year (3) (20)
Pre-acquisition (19) –
Post-acquisition (22) (20)