Notes to the Consolidated Financial Statements  Cardno Limited and its Controlled Entities for the year ended 30 June 2010 34. BUSINESS COMBINATIONS CONTINUED  Details of acquisitions  (b)  On 10 June 2010, the Group acquired 100% of ENTRIX, a US based consultancy specialising in water resources  management, environmental risk management, facility permitting and compliance, and natural resource economics. The effective date of acquisition was 1 June 2010.  For the period 1 June 2010 – 30 June 2010, the acquired business contributed revenue of $16,845,375 and net profit  after tax of $3,005,122.  If the acquisition had occurred on 1 July 2009 revenue and NPAT for the Group would have been $584,149,348 and  $41,702,922.respectively.  * The acquisition of ENTRIX was completed on 10 June 2010. Accordingly, the accounting for this acquisition has been  completed on a provisional basis. Further analysis will be performed to determine the existence and fair value of any  identifiable intangible assets acquired as part of the acquisition. At the time of purchase the vendors of ENTRIX subscribed for shares in Cardno Limited to the value of $4,428,168. The  fair value of the ordinary shares issue was based on the 10 day VWAP of Cardno Limited shares. The fair value price  was $3.71 for the purchase of shares by vendors of ENTRIX issued 10 June 2010.  The goodwill is attributable to the skills and technical talent of the employee’s of ENTRIX, the synergies expected to be  achieved from integrating the Company into the Group’s existing operations.  The Group incurred acquisition related costs of $752,730 relating to external legal fees and due diligence costs. These  legal fees and due diligence costs have been included in administrative expenses in the Group’s consolidated statement  of comprehensive income.  The assets and liabilities arising from the acquisitions are as follows:  Page 64 of 80  Acquirees’  carrying  amount  $’000  Fair Value  $’000  Cash 1,071 1,071 Receivables 20,079 20,079 Inventories 11,832 11,832 Deferred tax assets  718  718  Property, plant and equipment  4,138  4,138  Creditors & borrowings  (19,254) (19,254) Deferred tax liabilities  (239) (239) Provisions (1,257) (1,257) Net identifiable assets acquired  17,088 17,088 Outflow of cash to acquire subsidiaries, net of  cash acquired  Cash consideration  81,067  Cash balance acquired  1,071  Outflow of cash  79,996 $’000 Purchase Consideration  Cash 81,067  Vendor liability  4,294  Total purchase consideration  85,361  Fair value of net identifiable assets acquired*  17,088  Goodwill* 68,273 