Report & Accounts - JLT

Financial StatementsNotes to the Consolidated Cash Flow Statementfor the year ended 31st December 200530. Business combinations cont.Heath Lambert - Mexican businessProvisional fairRevised fair value reported ReductionAssets at value Fair value at 31st Dec in fairacquisition adjustments acquired 2004 value£'000 £'000 £'000 £'000 £'000Trade and other payables - (132) (132) - (132)- (132) (132) - (132)90During the period the following acquisitions in new and existing businesses were completed.PercentageAcquisition voting rights Costdate acquired £’000Acquisition of new businesses completed during the yearRisk Solution Limited - New Zealand Apr 05 100% 1,852Additional investments in existing businessesBGHPW Limited Mar 05 85% 38,818Others, none of which was individually significant Jan-Dec 05 - 2,65743,327On 15th April 2005, the Group acquired 100% of the share capital of Risk Solutions Limited ("RSL"), an Auckland based insurancebroker. The acquired business contributed revenue of £543,000 and net profit of £139,000 to the Group for the period since acquisition.If the acquisition had taken place on 1st January 2005 the contribution to Group revenue and net profit would have been £656,000 and£148,000 respectively.Details of the net assets acquired and goodwill are as follows: £’000Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005Purchase consideration:- cash paid 540- deferred consideration 1,312Total purchase consideration 1,852Fair value of net assets acquired 59Goodwill 1,793