Contents - Tung Lok Restaurants 2000 Ltd

During the financial year, the group acquired property, plant and equipment with an aggregated cost of $4,146,125(2001 : $7,343,741) of which $549,416 (2001 : $321,915) was acquired by means of finance leases and the balance of$3,596,709 (2001 : $7,021,826) by cash.Summary of the effect of the acquisition of a subsidiary:2002 2001$ $Net assets acquired:Property, plant and equipment 1,655,587 -Trade receivables 65,389 -Other receivables, deposits and prepayments 188,275 -Inventories 100,636 -Cash 8,000 -Trade payables (932,207) -Other payables (1,961,750) -Bank overdraft (83,904) -Bank loan (312,530) -Finance leases (384,974) -Net liabilities (1,657,478) -Original interest 911,613 -Liabilities assumed (745,865) -Goodwill on consolidation 825,865 -Total purchase consideration 80,000 -Net overdraft on acquisition 75,904 -Total 155,904 - 43