NOTES TO
THE FINANCIAL STATEMENTS CONTINUED |
|||||||||
| 31. ACQUISITIONS | Book | Fair | Accounting | Fair | |||||
| value | value | policy | value | ||||||
| adjustments | alignments | ||||||||
| £m | £m | £m | £m | ||||||
| (A) Details of acquisitions are given in the Directors’ Report.The assets and liabilities acquired were as follows: | |||||||||
| (i) Argos | |||||||||
| Fixed assets | 178.4 | (2.2) | 176.2 | ||||||
| Current assets | |||||||||
|
251.4 | (6.6) | 244.8 | ||||||
|
94.4 | 94.4 | |||||||
|
154.0 | 154.0 | |||||||
| Creditors | (361.9) | (5.2) | 2.1 | (365.0) | |||||
| Provisions for deferred and other liabilities and charges | (3.3) | (3.3) | |||||||
| Net assets acquired | 313.0 | (5.2) | (6.7) | 301.1 | |||||
| Goodwill | 1,554.9 | ||||||||
| 1,856.0 | |||||||||
| Satisfied by: | |||||||||
| Cash | 1,836.2 | ||||||||
| Acquisition expenses | 19.8 | ||||||||
| 1,856.0 | |||||||||
|
|
|||||||||
| (ii) Experian acquisitions | |||||||||
| Fixed assets | 1.0 | 1.0 | |||||||
| Current assets | |||||||||
|
0.7 | 0.7 | |||||||
|
3.1 | 3.1 | |||||||
|
1.0 | 1.0 | |||||||
| Creditors | (3.0) | (0.5) | (3.5) | ||||||
| Net assets acquired | 2.8 | (0.5) | - | 2.3 | |||||
| Goodwill | 21.2 | ||||||||
| 23.5 | |||||||||
| Satisfied by: | |||||||||
| Cash | 18.2 | ||||||||
| Deferred consideration | 5.1 | ||||||||
| Acquisition expenses | 0.2 | ||||||||
| 23.5 | |||||||||
| (iii) Total | |||||||||
| Fixed assets | 179.4 | (2.2) | 177.2 | ||||||
| Current assets | |||||||||
|
252.1 | (6.6) | 245.5 | ||||||
|
97.5 | 97.5 | |||||||
|
155.0 | 155.0 | |||||||
| Creditors | (364.9) | (5.7) | 2.1 | (368.5) | |||||
| Provisions for deferred and other liabilities and charges | (3.3) | (3.3) | |||||||
| Net assets acquired | 315.8 | (5.7) | (6.7) | 303.4 | |||||
| Goodwill | 1,576.1 | ||||||||
| 1,879.5 | |||||||||
| Satisfied by: | |||||||||
| Cash | 1,854.4 | ||||||||
| Deferred consideration | 5.1 | ||||||||
| Acquisition expenses | 20.0 | ||||||||
| 1,879.5 | |||||||||