Directors - Boustead Holdings Berhad

Notes to the Financial Statements
17. SUBSIDIARIES (cont’d.)
112
The fair value of assets acquired and liabilities assumed from the acquisition of Subsidiaries are as
follows:
Group
2006 2005
RM’000 RM’000
Net assets acquired:
Property, plant and equipment –– (462,628)
Long term prepayment –– (126,923)
Current assets –– (339,720)
Current liabilities –– 520,026
Deferred tax liabilities –– 13,005
Goodwill on acquisition –– (106,485)
Minority interest –– 85,351
Total purchase consideration –– (417,374)
Dividends received –– 30,074
Cash and cash equivalents acquired –– 7,910
Cash outflow on acquisition –– (379,390)