Page 253 - Sigmaroc Annual-Report 2023

Vapenka Vitošov s.r.o
On 4 January 2024, the Group acquired 75 per cent. of the share capital of Vapenka Vitošov s.r.o (‘Vapenka’) for a cash consideration of €85.8 million. Vapenka is registered and incorporated in the Czech Republic. Vapenka is a lime producer with the key operations of extracting limestone from quarries as well further processing the limestone.
The following table summarises the consideration paid for Vapenka and the values of the assets and equity assumed at the acquisition date.
Cash
Cash and cash equivalents Trade and other receivables Inventories
Property, plant & equipment Intangible assets
Trade and other payables Income tax payable Deferred tax liability Borrowings
Provisions
Total identifiable net assets Provisional goodwill
Total consideration
Total consideration
£’000
253
74,388
74,388
Recognised amounts of assets and liabilities acquired
£’000
2,951
5,266
4,434
64,446
13,375
(4,617)
(748)
(12,394)
(8)
(442)
72,263
2,125
74,388