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Unformatted text preview: iPrint Corporate Pty Ltd prior to the acquisition.
The goodwill is attributable to the workforce and the high profitability of the acquired business. It will not be
deductible for tax purposes.
There were no acquisitions for the year ended 30 June 2010.
(i) Acquired receivables
The gross contractual amount for trade receivables due is $3,502,320 all of which is expected to be collectable.
(i) Revenue and profit contribution
The acquired business contributed no revenue for the year ended 30 June 2011, as the transaction was settled on the
last day of the financial year. As a result of the Group holding 50% of the share capital of the business prior to
acquisition a total of $972,258 has been equity accounted within the income statement for the year ended 30 June
2011 (refer to note 11).
If the acquisition had occurred on 1 July 2010, consolidated revenue and profit for the year ended 30 June 2011
would have been $101.29m and $10.6m respectively. These amounts have been calculated using the Group’s
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This document was uploaded on 02/06/2014.
- Spring '14