| On 1 November 2002 the Group
acquired the remaining 60% of the share capital of Mobitel (Private)
Limited. The acquired business contributed revenues of Rs. 202 million
and operating profit of Rs. 16 million to the Group for the period
1 November 2002 to 31 December 2002. |
| Details
of net assets acquired and goodwill are as follows: |
|
|
| Fair
value of net assets acquired |
|
(534) |
| The
assets and liabilities arising from the acquisition are as follows: |
|
|
| Property,
plant & equipment |
|
1,064 |
| Total
purchase consideration |
|
922 |
| Cash
& cash equivalents in subsidiary acquired |
|
(28) |
| Outstanding
purchase consideration payable [Note 18(a)] |
|
(629) |
| Cash
outflow on acquisition |
|
265 |
