Page 250 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 FINANCIAL REPORT
Notes to the financial statements
ST Investicija
On 12 July 2023, the Group acquired 100 per cent. of the share capital of ST Investicija and its subsidiaries for a cash consideration of €4.3 million. ST Investicija is registered and incorporated in Lithuania. ST Investicija operates three quarries in Lithuania.
The following table summarises the consideration paid for ST Investicija and the values of the assets and equity assumed at the acquisition date.
Cash
Cash and cash equivalents Trade and other receivables Inventories
Investments
Property, plant & equipment Trade and other payables Income tax payable Deferred tax liability Borrowings
Provisions
Total identifiable net assets Provisional goodwill (refer to note 17) Total consideration
Since 12 July 2023, ST Investicija has contributed a profit of £0.4 million and revenue of £1.9 million. Had Retaining been consolidated from 1 January 2023, the consolidated statement of income would show additional profit of £0.3 million and revenue of £1.6 million.
Total consideration
£’000
3,714
3,714
Recognised amounts of assets and liabilities acquired
£’000
753
694
230
14
899
(517)
(82)
(490)
(48)
1,453
2,261
3,714