BROADENING OUR HORIZONS - Arrium

OneSteel Annual Report 201124. notes to the cash flow statement (continued)(c) Non-cash investing and financing activitiesDuring the year, dividends of $17.4m (2010: $19.7m) were satisfied via the issue of shares under a dividend reinvestment plan.Refer to Note 20.(d) Fair valuesThe carrying amount of the Group’s cash and cash equivalents approximate their fair value.102(e) Acquisition of businessDuring the year, the Group made the following business acquisitions:Date of acquisitionGateway Brokers, Inc 2 August 2010Details of the purchase consideration, fair value of the net identifiable assets acquired and goodwill are as follows:CONSOLIDATED$mCash paid 1.9Total purchase consideration 1.9Fair value of net identifiable assets acquired:Property, plant and equipment 0.3Provisions (0.1)0.2Goodwill arising on acquisition 1.7It is not practicable to determine the revenues and profit of the Group had the combinations taken place at 1 July 2010 due to differencesin accounting policy and as the fair value of identifiable assets and liabilities of the acquired businesses is not known at that date.It is not practicable to determine the contribution of the acquired businesses to the revenues and profit of the Group from the date ofacquisition due to the integration of the acquired businesses into the Group’s existing operations.