Creative 2013 Annual Report Download - page 41

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41
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
The aggregate effects of the disposal of subsidiaries on the cashows of the Group in the nancial years ended 30 June
2013 and 2012 are as follows:
Group Disposal
Carrying amount
2013 2012
US$’000 US$’000
Idenable assets and liabilies
Cash and cash equivalents  (188)
Other current assets  (456)
Property and equipment (Note 18)  (2)
Intangible assets (Note 19) – (233)
Total assets  (879)
Trade payables 3 35
Accrued liabilies and provisions 2,207 2,216
Total liabilies 2,210 2,251
Idenable net (assets) liabilies  1,372
Non-controlling interests – 484
Idenable net (assets) liabilies disposed  1,856
The aggregate cash inows arising from the disposal of subsidiaries in the nancial years ended 30 June 2013 and 2012 are
as follows:
Group
2013 2012
US$’000 US$’000
Idenable net assets (liabilies) disposed (as above) 1,272 (1,856)
Gain on disposal 26,750 2,824
Incidental costs on disposal of subsidiary 3,231 563
Goodwill wrien o on disposal of subsidiary (Note 19) – 1,969
Currency translaon dierences  –
31,241 3,500
Less: Cash and cash equivalents in subsidiary disposed  (188)
 3,312
Less: Proceeds held in escrow account (Note 10)  –
Net cash inow on disposal 23,501 3,312
Details of signicant subsidiaries are included in Note 34.