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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Book Values of Identifiable Assets and Liabilities Acquired and Their Fair Value
Acquisitions in 2018
The Group acquired a number of subsidiaries in the year. The following table sets out the book values of the identifiable assets and liabilities acquired and their fair value to the Group. The fair value adjustments for certain acquisitions have been determined provisionally at the balance sheet date.
 
 
  
Book
value at
acquisition
£m
 
 
Fair value
adjustments
£m
 
 
Fair
value
to
Group
£m
 
Intangible assets
  
 
–
 
 
 
40.3
 
 
 
40.3
 
Property, plant and equipment
  
 
3.1
 
 
 
–
 
 
 
3.1
 
Cash
  
 
5.0
 
 
 
–
 
 
 
5.0
 
Trade receivables due within one year
  
 
43.7
 
 
 
–
 
 
 
43.7
 
Other current assets
  
 
20.3
 
 
 
–
 
 
 
20.3
 
Total assets
  
 
72.1
 
 
 
40.3
 
 
 
112.4
 
Current liabilities
  
 
(42.8
) 
 
 
–
 
 
 
(42.8
) 
Trade and other payables due after one year
  
 
(2.4
) 
 
 
(13.5
) 
 
 
(15.9
) 
Deferred tax liabilities
  
 
–
 
 
 
(9.9
) 
 
 
(9.9
) 
Provisions
  
 
–
 
 
 
(0.4
) 
 
 
(0.4
) 
Total liabilities
  
 
(45.2
) 
 
 
(23.8
) 
 
 
(69.0
) 
Net assets
  
 
26.9
 
 
 
16.5
 
 
 
43.4
 
Non-controlling
interests
  
 
 
 
 
 
 
 
 
 
(6.3
) 
Fair value of equity stake in associate undertakings before acquisition of controlling interest
  
 
 
 
 
 
 
 
 
 
(3.1
) 
Goodwill
  
 
 
 
 
 
 
 
 
 
141.6
 
Consideration
  
 
 
 
 
 
 
 
 
 
175.6
 
Consideration satisfied by:
  
 
 
 
 
 
 
 
 
 
 
 
Cash
  
 
 
 
 
 
 
 
 
 
127.4
 
Payments due to vendors
  
 
 
 
 
 
 
 
 
 
48.2
 
Acquisitions in 2017
The Group acquired a number of subsidiaries in the year. The following table sets out the book values of the identifiable assets and liabilities acquired and their fair value to the Group. The fair value adjustments for certain acquisitions have been determined provisionally at the balance sheet date.
 
 
  
Book
value at
acquisition
£m
 
 
Fair value
adjustments
£m
 
 
Fair
value
to
Group
£m
 
Intangible assets
  
 
0.8
 
 
 
79.0
 
 
 
79.8
 
Property, plant and equipment
  
 
5.5
 
 
 
–
 
 
 
5.5
 
Cash
  
 
28.9
 
 
 
–
 
 
 
28.9
 
Trade receivables due within one year
  
 
74.4
 
 
 
–
 
 
 
74.4
 
Other current assets
  
 
20.1
 
 
 
–
 
 
 
20.1
 
Total assets
  
 
129.7
 
 
 
79.0
 
 
 
208.7
 
Current liabilities
  
 
(76.0
) 
 
 
–
 
 
 
(76.0
) 
Trade and other payables due after one year
  
 
(10.2
) 
 
 
(20.5
) 
 
 
(30.7
) 
Deferred tax liabilities
  
 
–
 
 
 
(16.8
) 
 
 
(16.8
) 
Provisions
  
 
(0.1
) 
 
 
(4.8
) 
 
 
(4.9
) 
Total liabilities
  
 
(86.3
) 
 
 
(42.1
) 
 
 
(128.4
) 
Net assets
  
 
43.4
 
 
 
36.9
 
 
 
80.3
 
Non-controlling
interests
  
 
 
 
 
 
 
 
 
 
(13.9
) 
Fair value of equity stake in associate undertakings before acquisition of controlling interest
  
 
 
 
 
 
 
 
 
 
(5.7
) 
Goodwill
  
 
 
 
 
 
 
 
 
 
314.3
 
Consideration
  
 
 
 
 
 
 
 
 
 
375.0
 
Consideration satisfied by:
  
 
 
 
 
 
 
 
 
 
 
 
Cash
  
 
 
 
 
 
 
 
 
 
213.7
 
Payments due to vendors
  
 
 
 
 
 
 
 
 
 
161.3