How much is the share premium and acquired fair value of Net assets ?
Co.acquires 70% interest in W Co. its supplier of raw materials by issuing 100,000 of its own equity instruments. Par Value is at 2,000 per share. the identifiable assets of W Co. are as follows:
CA Fair Value
Net Receivable 90,000,000 70,000,000
Inventory 140,000,000 120,000,000
Land 180,000,000 200,000,000
Building 55,000,000 40,000,000
Total Assets 475,000,000 445,000,000
Liabilities
Payable 200,000,000 200,000,000
other details:
Fair Value of V and W's equity instruments are 2,030/share and 1,050/share
W incurred the following acqusition-related costs:
consultating fees 1,000,000, due diligence cost 500,000 cost of registering of shares 2,000,000
Intangibles that were unrecorderd by W Co are:
Customer list 2,000,000 Potential contract with A Co. 7,000,000 Customer contracts 12,500,000 Internet domain name (not registered) 2,000,000 trademark 25,000,000 assembled workforce 31,000,000 total intangibles 79,500,000.
V leases out its machine to W under operating lease. Term of the lease is comparable with market terms are favorable. the FV differential is 2,000,000
V shared its trade secret process with W after the business combination; trade secret's affair fair value is at 20,000,000
V also estimated a restructuring provision 60,000,000
gain on bargain purchase is 13,000,000
question: How much is the share premium and acquired fair value of Net assets ?
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