Wellcom_FY11-Financial-Report

Fair value 000 current assets cash and cash

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: e 29 Work in progress 1,121 Other current assets 12 Non-current assets: Property, plant and equipment 77 Deferred tax assets 70 Current liabilities: Trade and other payables (7,481) Provisions * (2,376) Non-current liabilities: Provisions (2) Deferred tax liability (9) Net identifiable assets acquired 300 * Included within current provisions is the provision for a dividend payable to the former joint venture partners of $1,876,312. 72 Wellcom Group Limited Notes to the Consolidated Financial Statements 30. Business Combination (continued) For personal use only Fair value $’000 Goodwill arising on acquisition 2,633 Represented as follows: Purchase consideration Fair value of previously owned interest in iPrint Corporate Pty Ltd * Net identifiable assets acquired Goodwill arising on acquisition 375 2,558 (300) 2,633 * The acquisition date fair value of the Group’s 50% equity interest in iPrint Corporate Pty Ltd immediately prior to the acquisition was $2.56m. There was no gain or loss recognised as a result of remeasuring to fair value the Group’s equity interest in...
View Full Document

This document was uploaded on 02/06/2014.

Ask a homework question - tutors are online