Peachtree 2013 Annual Report Download - page 135

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Other notes
The Sage Group plc | Annual Report & Accounts 2013 129
Financial statements
Provisional fair value of acquisitions
EBS
£m
Other
£m
Total
£m
Property, plant and equipment 0.2 – 0.2
T
rade and other receivables 0.2 – 0.2
Cash and cash equivalents 0.2 – 0.2
T
rade and other payables (0.5) – (0.5)
Current borrowings (0.1) – (0.1)
Total net identifiable (liabilities)/assets acquired – – –
Non-controlling interest – – –
Goodwill 11.3 0.5 11.8
Consideration satisfied by:
Cash 3.2 – 3.2
Deferred/contingent consideration 8.1 0.5 8.6
Total purchase consideration 11.3 0.5 11.8
The outflow of cash and cash equivalents on the acquisitions is calculated as follows:
Cash consideration 3.2 – 3.2
Cash and cash equivalents acquired (0.2) – (0.2)
Borrowings acquired 0.1 – 0.1
Deferred consideration, paid on prior period acquisitions – 11.6 11.6
Net cash outflow in respect of acquisitions 3.1 11.6 14.7
16.2 Deferred/contingent consideration
Deferred consideration payable to the former owners of EBS of £8.1m has been recognised at fair value. £2.0m of this additional consideration is
contingent on the EBITDA results for the years ending 30 September 2013 and 2014.
16.3 Contribution of acquisitions
From the dates of the acquisitions to 30 September 2013, the acquisitions contributed £5.0m to revenue and £0.8m to profit before income tax.
Had these acquisitions occurred at the beginning of the financial year, contribution to Group revenue would have been £5.1m and Group profit before
income tax would have increased by £0.8m.
16.4 Acquisition-related items
Acquisition-related items of £0.1m (2012: £4.4m) have been included in selling and administrative expenses in the Consolidated income statement.
These acquisition-related items (previously recognised in goodwill prior to IFRS 3 (Revised)), “Business Combinations”, relate to completed
transactions and include advisory, legal, accounting, valuation and other professional or consulting services.
133The Sage Group plc | Annual Report & Accounts 2013
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