31. Business Combinations and Acquisitions of Joint Ventures  | continued None of the acquisitions completed during the financial year were considered sufficiently material to warrant separate disclosure of the attributable fair values. The  initial assignment of fair values to identifiable net assets acquired has been performed on a provisional basis in respect of certain acquisitions; any amendments to  these fair values made during the subsequent reporting window (within the measurement period imposed by IFRS 3) will be subject to subsequent disclosure. Acquisition-related costs amounting to €4 million (2011: €3 million) have been included in operating costs in the Consolidated Income Statement (note 3). No contingent liabilities were recognised on the acquisitions completed during the financial year or the prior financial years. The carrying amounts of the assets and liabilities acquired determined in accordance with IFRS before completion of the acquisition, together with the adjustments  made to those carrying values to arrive at the fair values disclosed above, were as follows: (i)  The gross contractual value of trade and other receivables as at the respective dates of acquisition amounted to €106 million (2011: €65 million). The fair value  of these receivables is €103 million (all of which is expected to be recoverable) (2011: €62 million) and is inclusive of an aggregate allowance for impairment of  €3 million (2011: €3 million). (ii)  The principal factor contributing to the recognition of goodwill on acquisitions entered into by the Group is the realisation of cost savings and other synergies  with existing entities in the Group which do not qualify for separate recognition as intangible assets. Due to the asset-intensive nature of operations in the  Materials business segments, no significant intangible assets are recognised on business combinations in these segments. €106 million of the goodwill  recognised in respect of acquisitions completed in 2012 is expected to be deductible for tax purposes (2011: €82 million). (iii) The fair value of contingent consideration recognised at date of acquisition is €76 million. On an undiscounted basis, the corresponding future payments for  which the Group may be liable range from €nil million to a maximum of €118 million. Book values Fair value  adjustments Accounting  policy alignments Adjustments  to provisional  fair values Fair value €m €m €m €m €m Non-current assets  178   155   - (4)  329  Current assets  218   2   -  -  220  Non-current liabilities (8) (18)  -  1  (25) Current liabilities (87) (1) (1) (8) (97) Identifiable net assets acquired   301   138  (1) (11)  427  Goodwill arising on acquisition (see (ii) above)  290  (138)  1   12   165  Total consideration   591   -  -  1   592  Reportable segments Number of Acquisitions Goodwill Consideration 2012 2011 2012 2011 2012 2011 €m €m €m €m Europe Materials  2   5   26   99   58   213  Europe Products  4   4   68   4   151   9  Europe Distribution  3   5   8   8   40   26  Americas Materials  16   19   37   55   230   214  Americas Products  9   4   14   5   112   28  Americas Distribution  -  6   -  29   -  77  Group totals  34   43   153   200   591   567  Adjustments to provisional fair values  1  6  Total consideration 592 573 The following table analyses the 34 acquisitions (2011: 43 acquisitions) by reportable segment and provides details of the goodwill and consideration figures arising  in each of those segments: 116 CRH