Page 249 - Sigmaroc Annual-Report 2023

Björka Mineral
On 31 July 2023, the Group acquired 100 per cent. of the share capital of Björka Mineral for a cash consideration of €14.7 million. Björka Mineral is registered and incorporated in Sweden. Björka Mineral is a leading supplier of high-grade limestone and dolomite powders.
The following table summarises the consideration paid for Björka Mineral and the values of the assets and equity assumed at the acquisition date.
Cash consideration Equity contributions Deferred consideration
Cash and cash equivalents Trade and other receivables Inventories
Property, plant & equipment Intangible assets
Trade and other payables Income tax refund Deferred tax liability Borrowings
Provisions
Total identifiable net assets Provisional goodwill (refer to note 17) Total consideration
Since 31 July 2023, Björka Mineral has contributed a profit of £0.7 million and revenue of £5.5 million. Had Björka Mineral been consolidated from 1 January 2023, the consolidated statement of income would show additional profit of £0.1 million and revenue of £7.3 million.
Total consideration
£’000
249
9,543
468
2,982
12,993
Recognised amounts of assets and liabilities acquired
£’000
104
2,043
1,849
6,964
11
(1,756)
112
(179)
(5,619)
(1,554)
1,975
11,018
12,993