Lenovo 2013 Annual Report Download - page 182

NOTES TO THE FINANCIAL STATEMENTS
Lenovo Group Limited 2012/13 Annual Report
180
37 Business combinations (continued)
(c) Net cash outflow from acquisitions of subsidiaries
US$’000
Purchase consideration settled in cash 174,075
Less: Cash and cash equivalents in subsidiaries acquired 37,023
Acquisition of subsidiaries, net of cash acquired 137,052
(d) Impact of acquisitions on the results of the Group
The aggregated revenue of newly acquired businesses included in the consolidated income statement since their
respective dates of acquisition and up to March 31, 2013 were US$100 million. The newly acquired businesses also
contributed an aggregated loss before taxation of US$18 million over the same period.
Had the newly acquired businesses been consolidated from April 1, 2012, the beginning of the financial year, the
consolidated income statement would show revenue of US$34,463 million and profit before taxation of US$736 million.
38 Non-controlling interests
Included in non-controlling interests are US$147,000,000 in respect of the capital contributions injected into the JV Co by
Compal pursuant to the joint venture agreement as disclosed in Note 29(iii).
39 Principal subsidiaries
The following includes the principal subsidiaries directly or indirectly held by the Company and, in the opinion of the directors,
are significant to the results of the year or form a substantial portion of the net assets of the Group. The directors consider
that giving details of other subsidiaries would result in particulars of excessive length.
Company name
Place of
incorporation/
establishment
Issued and fully
paid up capital
Percentage of
issued capital held Principal activities
2013 2012
Held directly:
聯想（北京）有限公司
(Lenovo (Beijing) Limited)1
(wholly foreign-owned enterprise)
Chinese Mainland HK$175,481,300 100% 100% Manufacturing and distribution
of IT products and provision
of IT services
聯想（上海）有限公司
(Lenovo (Shanghai) Co., Ltd.)1
(wholly foreign-owned enterprise)
Chinese Mainland HK$10,000,000 100% 100% Distribution of IT products
and provision of IT services
Held indirectly:
Digiboard Eletrônica da Amazônia Ltda. Brazil BRL26,875,744 100% – Manufacturing and distribution
of IT products
Digibrás Indústria do Brasil S.A. Brazil BRL245,182,275.45 100% – Manufacturing and distribution
of IT products
Dual Mix Comércio de Eletrônicos Ltda. Brazil BRL106,719 100% – Manufacturing and distribution
of IT products
聯寶（合肥）電子科技有限公司
(LCFC (Hefei) Electronics Technology
Co., Ltd.)
(wholly foreign-owned enterprise)
Chinese Mainland US$100,000,000 51% – Manufacturing and distribution
of IT products
Lenovo (Asia Pacific) Limited Hong Kong HK$1,225,130,735 100% 100% Investment holding and
distribution of IT products