Page 69 - fc ifc

67 MACQUARIE MEAG PRIME REIT
ANNUAL REPORT 2007
Note:
(A) Net cash outflows on purchase of investment properties
Net cash outflows on purchase of investment properties (including acquisition costs) are set out below:
GROUP
2007 2006
$’000 $’000
Investment properties 181,256 –
Cash and cash equivalents 1,629 –
Trade and other payables (1,629) –
Purchase consideration paid 181,256 –
Acquisition costs paid 678 –
Cash acquired (1,629) –
Net cash outflows on purchase of investment properties
(net of cash and cash equivalents acquired) 180,305 –
(B) Net cash outflows on acquisition of subsidiary
Net cash outflows on acquisition of subsidiary are set out below:
GROUP
2007 2006
$’000 $’000
Investment properties 70,636 –
Plant and equipment 56 –
Trade and other receivables 2,874 –
Cash and cash equivalents 4,184 –
Trade and other payables (5,681) –
Borrowings (6,096) –
Deferred tax liabilities (14,543) –
Net identifiable assets acquired 51,430 –
Goodwill on consolidation 12,613 –
Purchase consideration paid, satisfied in cash 64,043 –
Cash acquired (4,184) –
Net cash outflows on acquisition of subsidiary
(net of cash and cash equivalents acquired) 59,859 –
The accompanying notes form an integral part of these financial statements.