RECOGNISED ON ACQUISITION $’000 Value of net assets acquired Cash and cash equivalents  13,159  Receivables  1,269  Inventories  225  Property, plant and equipment  2,572  Investments and other assets  2,470  Intangible assets   4,295  Deferred tax assets  285  Total assets  24,275  Payables  1,549  Provisions  649  Current tax liabilities  209  Deferred tax liabilities  254  Total liabilities  2,661  Value of identifiable net assets  21,614  Goodwill arising on acquisition  13,872  Total identifiable net assets and goodwill attributable to the Group  35,486  Purchase consideration Cash paid  32,372  Contingent consideration liability  3,114  Total purchase consideration  35,486  net cash outflow on acquisition Net cash acquired with subsidiary  13,159  Cash paid  (32,372) net cash outflow  (19,213) The income statement includes revenue and net profit for the year ended 30 June 2013 of $11.9 million and $1.3 million  respectively, as a result of acquisitions of business combinations made during the reporting period. Had the acquisitions  occurred at the beginning of the reporting period, the income statement would have included revenue and net profit of $16.5  million and $1.1 million respectively. Included in the business acquisitions made during the reporting period were mastheads, trademarks, software, business  and domain names. The fair values of the identifiable assets and liabilities acquired were: Acquisitions, none of which were individually significant to the consolidated entity, are listed in Note 29(A).  FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 NOTEs TO THE FINANCIAL sTATEMENTs  30. BUsINEss COMBINATIONs ACQUISITIONS DURING THE PERIOD FAIRFAX MEDIA  LIMITED  2013  107