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Retrieving Data

Note 36

For the Year Ended 31 March 2011

BUSINESS COMBINATIONS
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:
   
GROUP
FAIR VALUE
ACQUIREE'S
CARRYING VALUE
2010 2010
$000 $000
Assets and Liabilities Acquired:
Cash at bank 1 1
Property, plant and equipment 350 83
Accounts payable and accruals (1) (1)
Shareholder advances - (82)
Net assets acquired 350 1
     
There was no goodwill arising as a result of this business combination. There were no acquisitions in the year ended 31 March 2011.