L3HARRIS' MILITARY TRAINING BUSINESS (Tables)

12 Months Ended

Mar. 31, 2021

The determination of the fair value of the net assets acquired and liabilities assumed arising from the acquisitions are as follows:


		Total
Current assets, excluding cash on hand	$	128.8
Current liabilities		(132.5)
Property, plant and equipment		8.5
Right-of-use assets		62.6
Intangible assets		219.8
Investment in equity accounted investees		4.1

Deferred tax		0.7
Other non-current assets		0.5
Long-term debt, including current portion		(73.0)
Other non-current liabilities		(20.1)
Fair value of net assets acquired, excluding cash acquired	$	199.4
Cash acquired		6.0
Total purchase consideration	$	205.4
Net short-term payable		(1.1)
Settlement of pre-existing relationship		(0.3)
Fair value of long-term contingent cash consideration payable		(11.5)
Total cash consideration paid on acquisition date	$	192.5

As the funds were not directly received by the Company, they were not presented in the consolidated statement of cash flows.


	As at March 31
			2021
Gross proceeds		$	700.0
Interest earned on escrowed proceeds			0.1
Restricted funds for subscription receipts deposit		$	700.1
Accrued commitment fee			14.0
Liabilities for subscription receipts		$	714.1