152 CSE Global Limited 5. Investment in subsidiaries and amounts due from/(to) subsidiaries (cont’d) Acquisition of businesses in 2024 (cont’d) Acquisition of business in Australia (cont’d) The fair values of the identifiable assets and liabilities acquired as follows: Fair value $’000 Property, plant and equipment 486 Trade and other receivables 805 Cash and bank balances 50 Total assets 1,341 Trade and other payables (1,201) Loans and borrowings (140) Total liabilities (1,341) Total identifiable net assets at fair value – Goodwill arising from acquisition 3,064 Cash paid on acquisition 3,064 Less: cash and bank balances (50) Cash paid on acquisition, representing net cash outflow on acquisition 3,014 Transaction costs Transaction costs relating to the acquisition is not significant. Goodwill arising from acquisition The goodwill arising from the acquisition of Linked Group comprises the value of strengthening the Group’s market position in providing access to a range of in-house products and customers focused on the renewable energy sector in Australia. Impact on the acquisition on profit or loss Since the acquisition date, Linked Group has contributed AUD 5,686,000 (approximately $5,025,000) of revenue. If the business combination had taken place at the beginning of the year, revenue contributed would have been AUD 5,611,000 (approximately $4,958,000). NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024
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