BT 2007 Annual Report Download - page 115
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28. ACQUISITIONS
Year ended 31 March 2007
INS
£m
PlusNet
£m
Other
£m
Total
£m
Fair value of consideration 133 66 144 343
Less: fair value of net assets acquired 12 9 40 61
Goodwill arising 121 57 104 282
Consideration:
Cash 131 64 94 289
Deferred consideration 2 2 50 54
Total 133 66 144 343
The outflow of cash and cash equivalents is as follows:
Cash consideration 131 64 94 289
Less: cash acquired 2 5 14 21
129 59 80 268
Year ended 31 March 2006
Atlanet
£m
Radianz
£m
Other
£m
Total
£m
Fair value of consideration 65 143 69 277
Less: fair value of net assets acquireda21 104 17 142
Goodwill arisinga44 39 52 135
Consideration:
Cash 58 120 52 230
Deferred consideration 7 – 17 24
Debt assumed –23 –23
Total 65 143 69 277
The outflow of cash and cash equivalents is as follows:
Cash consideration 58 115 52 225
Less: cash acquired 5441160
53 71 41 165
aThe fair value of net assets acquired through the acquisition of Atlanet have been restated in the current financial year. For further details see Atlanet acquisition note.
Year ended 31 March 2007
International Network Services
On 25 February 2007, BT acquired 100% of the issued share capital of International Network Services Inc (INS) for a total
consideration of £133 million. The net assets acquired in the transaction and the goodwill arising were as follows:
Book and
fair value
£m
Intangible assets 3
Property, plant and equipment 1
Receivables 18
Cash and cash equivalents 2
Payables (12)
Net assets acquired 12
Goodwill 121
Total consideration 133
Consolidated financial statements Notes to the consolidated financial statements
114 BT Group plc Annual Report & Form 20-F