The above acquisitions had the following effect on the Group’s assets and liabilities on acquisition date:
| Note |
Recognized values on RMB million |
|||||||
|
Property, plant and equipment, net |
20 | 1,556 | ||||||
|
Lease prepayments |
115 | |||||||
|
Trade and other receivables |
70 | |||||||
|
Cash and cash equivalents |
41 | |||||||
|
Other assets |
32 | |||||||
|
Trade and other payables |
(34 | ) | ||||||
|
Borrowings |
35(c) | (342 | ) | |||||
|
Deferred tax liabilities |
(30 | ) | ||||||
|
Other liabilities |
(24 | ) | ||||||
|
|
|
|||||||
|
Total net identifiable assets |
1,384 | |||||||
|
|
|
|||||||
Analysis of the net outflow of cash and cash equivalents in respect of the acquisitions:
|
Cash consideration paid |
678 | |||
|
Cash and cash equivalents acquired |
(41 | ) | ||
|
|
|
|||
|
Net cash outflow |
637 | |||
|
|
|
Effect of the acquisition on the Group’s consolidated income statements
|
Fair value of the originally held 51% equity interests |
706 | |||
|
Less: carrying value of the originally held 51% equity interests |
(597 | ) | ||
|
|
|
|||
|
Remeasurement of the originally held 51% equity interests |
109 | |||
|
|
|