for the year ended 30 September 2001 GrainCorp Limited and Controlled Entities  Notes to the Consolidated Financial Statements GrainCorp 2001 Annual Report 54 Details of the assets from the merger with VGS  and its controlled entities on 3 October 2000 are as follows: 2001 $’000 Fair value of identifiable net assets of the merged controlled entity Current Assets Cash 4,192 Receivables 23,446 Inventories 1,758 Other 1,488 Total Current Assets 30,884 Non-Current Assets Land, structures and plant and equipment 171,218 Deferred tax - net asset 5,361 Total Non-Current Assets 176,579 Total Assets 207,463 Current Liabilities Accounts payable 11,453 Deferred revenue 5,600 Interest bearing liabilities 15,750 Current tax liabilities 2,674 Provisions for employee entitlements 4,888 Total Current Liabilities 40,365 Non-Current Liabilities Interest bearing liabilities 45,898 Provision for employee entitlements 2,952 Deferred income tax liability 9,502 Total Non-Current Liabilities 58,352 Total Liabilities 98,717 Net Assets 108,746 Less value therein attributable to previous shareholding of 25 % in Vicgrain held by Victoria (26,722) Goodwill on consolidation 8,135 90,159 Sundry merger costs paid in cash (684) Consideration by issue of 9,941,681 fully paid Class A shares 89,475