Page 246 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 FINANCIAL REPORT
Notes to the financial statements
Goijens
On 31 January 2023, the Group acquired 100 per cent. of the share capital of Gripeco BV and its subsidiaries (‘Goijens’) for a cash consideration of €14 million. Goijens is registered and incorporated in Belgium. The principal activity is the operation of concrete plants.
The following table summarises the consideration paid for Goijens and the values of the assets and equity assumed at the acquisition date.
Cash
Cash and cash equivalents Trade and other receivables Investment in subsidiaries Inventories
Property, plant & equipment Trade and other payables Income tax payable Borrowings
Total identifiable net assets Goodwill (refer to note 17) Total consideration
Since 31 January 2023, Goijens has contributed a profit of £1.3 million and revenue of £14.7 million. Had Goijens been consolidated from 1 January 2023, the consolidated statement of income would show additional loss of £0.1 million and revenue of £0.5 million.
Total consideration £’000
12,144
12,144
Recognised amounts of assets and liabilities acquired
£’000
1,904
2,175
713
233
3,790
(1,499)
(25)
(234)
7,057
5,087
12,144