79 4. Business combination continued  [1] For further information please refer to note 12.  The fair value of the trade receivables and other receivables recognized on the day of acquisition amounted to US$12,722,000. None of the trade  receivables had been impaired and it was expected that the full contractual amounts could be collected. The goodwill of US$32,283,000 comprises the  value of expected synergies arising from the acquisition. The goodwill recognised is not expected to be deductible for income tax purposes. Assets acquired and liabilities identified  Fair value recognised  on acquisition US$000 Assets  Cash and cash equivalents  5,052 Trade accounts receivable and other receivable  12,722 Inventories  14,849 Other current assets  1,798 Property, plant and equipment  2,886 Intangible assets $^{1)}$  32,975 Income tax receivables  788 Deferred tax assets  4,776 Other non-current assets  411 Total assets  76,257 Liabilities Trade and other payables (10,106) Provisions  (606) Income taxes payable  (40) Other current liabilities  (3,645) Deferred tax liabilities  (4,925) Total liabilities  (19,322) Total identifiable net assets at fair value  56,935 Goodwill arising on acquisition  32,283 Purchase consideration transferred  89,218