Macquarie Group Limited and its subsidiaries  2014 Annual Financial Report  macquarie.com.au  Notes to the financial statements  for the financial year ended 31 March 2014  continued Note 43  Acquisitions and disposals of subsidiaries and businesses  Significant entities and businesses acquired or consolidated due to acquisition of control:  There were no significant entities or businesses acquired or consolidated due to acquisition of control during the period. Other entities or businesses acquired or consolidated due to acquisition of control during the financial year  are as follows:  Sequoia PV 1 LLC, Sequoia PV 2 LLC, Sequoia 3 LLC, Macquarie Renaissance Corporate Finance Holdings Limited, Corona  Energy Retail 5 Limited and Macquarie Investment Management Korea Co., Ltd.  Aggregate details of the above entities and businesses acquired or consolidated due to acquisition of control are as follows:  The operating results of the acquisitions have not had a material impact on the results of the Consolidated Entity.  There are no significant differences between the fair value of net assets acquired and their carrying amounts, other than goodwill  and other intangible assets as noted above. The goodwill acquired during the current financial year has arisen due to the value of  the businesses acquired over their individual asset values and synergies the Consolidated Entity expects to realise from the  acquisitions.  The 31 March 2013 comparatives principally relate to Macquarie European Rail, being the significant entity and businesses acquired  or consolidated due to acquisition of control.  2014   $m  2013   $m  Fair value of net assets acquired  Cash and other assets  49  48  Other financial assets  –  370  Property, plant and equipment  1  669  Goodwill and other intangible assets  37  9  Payables, provisions, borrowings and other liabilities  (9)  (331)  Total fair value of net assets acquired  78  765  Consideration  Cash consideration  78  765  Total consideration  78  765  Net cash flow  Cash consideration  (78)  (765)  Less: Cash and cash equivalents acquired  42  5  Net cash outflow  (36)  (760)  210 