CTHRepealedLegislation
AASB 107 - Statement of Cash Flows - July 2004
1Obtaining Control of Subsidiary
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1 Obtaining Control of Subsidiary
During the period the Group obtained control of subsidiary X. The fair values of assets acquired and liabilities assumed were as follows:
| Cash | 40 |
|---|---|
| Inventories | 100 |
| Accounts receivable | 100 |
| Property, plant and equipment | 650 |
| Trade payables | (100) |
| Long-term debt | (200) |
| Total purchase price paid in cash | 590 |
| Less: Cash of subsidiary X acquired | (40) |
| Cash paid to obtain control, net of cash acquired | 550 |