The aggregate purchase consideration for the business combination is as follows: | | | | | | | $ | | Cash | 16.4 | | Working capital adjustments | (0.5) | | | Total purchase consideration | 15.9 |
Assets acquired and liabilities assumed have been recorded at the date of acquisition as follows: | | | | | | | $ | | Assets acquired | | | Trade receivables | 7.2 | | Inventories | 1.6 | | Prepaid expenses | 0.1 | | Property, plant and equipment | 2.6 | | Intangible assets | | | Customer list | 3.5 | | Brand | 1.0 | | Right-of-use assets | 1.2 | | Goodwill | 8.3 | | Accounts payable and accrued liabilities | (8.4) | | | Lease liability | (1.2) | | | Total assets acquired, net of liabilities assumed | 15.9 |
Assets acquired and liabilities assumed have been recorded based on the final valuation of their fair values at the date of acquisition as follows: | | | | | | | $ | | Assets acquired | | | Cash | 5.4 | | Inventories | 27.3 | | Property, plant and equipment | 1.2 | | Intangible assets | 14.9 | | Right-of-use assets | 3.3 | | Goodwill | 10.8 | | Other assets | 2.4 | | 65.3 | | Liabilities assumed | | | Bank loan | 19.4 | | Lease liabilities | 3.2 | | Warranty provision | 0.3 | | 22.9 | | | | Total identifiable net assets acquired | 42.4 | | Less: Deferred tax liability | (8.1) | | | Less: Non-controlling interests | (11.7) | | | Net assets acquired | 22.6 | | | | Consideration | | | Cash paid | 2.6 | | Contingent consideration | 20.0 | | Total purchase consideration | 22.6 | | | | Cash consideration paid | (2.6) | | | Plus: Cash balance acquired | 5.4 | | | Net cash inflow on business combination | 2.8 | |
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