Page 247 - Sigmaroc Annual-Report 2023

Juuan Dolomitik
On 1 February 2023, the Group acquired 70 per cent. of the share capital of Juuan Dolomitik and its subsidiaries for a cash consideration of €1.83 million. Juuan Dolomitik is registered and incorporated in Finland. Juuan Dolomitik is a land improvement lime manufacturing company.
The following table summarises the consideration paid for Juuan Dolomitik and the values of the assets and equity assumed at the acquisition date.
Cash
Deferred consideration
Cash and cash equivalents Trade and other receivables Inventories
Property, plant & equipment Investment in Subsidiary Trade and other payables Borrowings
Non-controlling interest
Total identifiable net assets Goodwill (refer to note 17) Total consideration
Since 1 February 2023, Juuan Dolomitik has contributed a profit of £0.1 million and revenue of £1.5 million. Had Juuan Dolomitik been consolidated from 1 January 2023, the consolidated statement of income would show no additional profit and revenue of £0.2 million.
Total consideration
£’000
247
530
1,059
1,589
Recognised amounts of assets and liabilities acquired
£’000
794
361
93
879
36
(79)
(29)
(616)
1,439
150
1,589