Notes:
(A)
Net cash outflow on acquisition of subsidiaries
Net cash outflow on acquisition of subsidiaries is set out below:
Group
2015
2014
$’000
$’000
Investment property (including acquisition costs)
459,888 123,611
Cash
9,074
1,869
Other assets
3,734
56
Bank loan
(255,969)
(31,858)
Shareholder’s loan
–
(36,173)
Convertible bonds
(184,993)
–
Accrued expenses
(20,339)
(404)
Deposits
(4,076)
(145)
Other liabilities
(2,319)
(9,064)
Net identifiable assets acquired
5,000
47,892
Total consideration
5,000
47,892
Add: Bank loan repaid
255,969
–
Add: Shareholder’s loan assumed
–
1,134
Cash paid through deposits in previous financial years (Note 10)
–
(36,040)
Cash acquired
(9,074)
(1,869)
Net cash outflow
251,895
11,117
Details of the subsidiaries acquired are set out in Note 9.
(B)
Net cash outflow on purchase of investment properties (including acquisition costs)
Net cash outflow on purchase of investment properties (including acquisition costs) is set out below:
Group
2015
$’000
Investment properties (including acquisition costs)
308,190
Cash
1,926
Trade and other payables
(5,645)
Net identifiable assets acquired
304,471
Total consideration
304,471
Acquisition costs payable in the form of units
(1,120)
Cash acquired
(1,926)
Net cash outflow
301,425
Consol idated Statement of Cash Flows
Year ended 31 March 2015
The accompanying notes form an integral part of these financial statements.
134 135
