For the Year Ended 31 March 2010
On 26 November 2009 the Group purchased 100% of the shares of Esk Hydro Power Limited for $350,000. There were no material operating results for this acquisition affecting the income statements for this year. The assets and liabilities of the acquisition at the purchase date were as follows:
There was no goodwill arising as a result of this business combination. There were no acquisitions in the year ended 31 March 2009.