In December 2013 Carlsberg gained control of  Chongqing Brewery Group  in China by com- pleting a partial takeover offer and acquiring  30.29% of the shares at a purchase price of  DKK 2,636m. In addition, a put option was  granted allowing a non-controlling interest of  4.95% of the shares to be sold to Carlsberg  within a 12-month period at the same price  per share as the partial takeover offer price.  This put option was recognised at fair value  amounting to DKK 428m. Prior to Carlsberg  gaining control, Chongqing Brewery Group  was classified as an associate and consoli- dated according to the equity method.  In October 2013 Carlsberg gained control of  South Asian Breweries Group  through the exer- cise by a non-controlling interest of a put op- tion of 6.67% of the shares at a price of DKK  108m. Prior to Carlsberg gaining control, South  Asian Breweries Group was classified as a joint  venture and proportionately consolidated.  In January 2013 Carlsberg gained control  of  distribution entities  acquired from Nordic  Getränke following the termination of coop- eration between Carlsberg and its partner.  The consideration consisting of assumed  debt amounts to DKK 143m. Prior to Carls- berg gaining control, Nordic Getränke was  classified as an associate and consolidated  according to the equity method. The share- holding recognised prior to gaining control  was impaired to fair value in December  The acquisitions of Chongqing Brewery Group  and South Asian Breweries Group were both  made in several steps over a period of 2-3  years, leading to Carlsberg gaining control in  December and October 2013 respectively. The  shareholding for each of these groups recog- nised prior to gaining control had a fair value  equal to the carrying amount, which is why no  revaluation adjustment has been recognised.  The purchase price allocations of the fair value  of identified assets, liabilities and contingent  liabilities are still ongoing. Adjustments are  therefore expected to be made to all items  in the opening statement of financial posi- tion, especially in relation to trademarks and  property, plant and equipment in Chongqing  Brewery Group. Accounting for the acquisition  will be completed within the 12-month period  required by IFRS 3. FAIR VALUE OF NET ASSETS ACQUIRED DKK million Chongqing  Brewery Group Other Total Intangible assets 106 9 115 Property, plant and equipment 2,297 135 2,432 Financial assets, excl. deferred tax 132 29 161 Inventories 265 101 366 Loans and receivables, current 226 429 655 Cash and cash equivalents 444 103 547 Provisions -89 -32 -121 Deferred tax assets and liabilities, net 25 20 45 Borrowings -1,101 62 -1,039 Trade payables and other payables -753 -375 -1,128 Net assets of acquired entities 1,552 481 2,033 Non-controlling interests' proportionate share of acquired  net assets, recognised -539 -4 -543 Net assets of acquired entities, attributable to Carlsberg 1,013 477 1,490 2012, which is why no revaluation adjust- ment has been recognised. The purchase  price allocation of the fair value of identified  assets, liabilities and contingent liabilities  has been completed.  ACQUISITION OF ENTITIES In 2012, the purchase price of part of the  activities in S&N (acquired in 2008) was  adjusted by DKK 4m as a result of alloca- tion of debt according to agreement. The  adjustment was recognised as goodwill.  The purchase price is expected to be further  adjusted depending on the final allocation  of debt according to agreement.  The Group has not completed any acquisi- tions of entities during 2013 or 2012 that  were not step acquisitions. ACQUIRED ENTITIES Country of main operations Previous method of consolidation Previously  held ownership  interest Acquired  ownership  interest Total  Carlsberg  interest Acquisition  date Main  activity Consideration DKK million Chongqing Brewery Group China Equity method 30% 30% 60% 10 Dec. 2013 Brewery 2,636 South Asian Breweries Group India Proportionate 60% 7% 67% 31 Oct. 2013 Brewery 108 Distribution entities Germany Equity method 50% 50% 100% 1 Jan. 2013 Logistics 143 Carlsberg Group Annual Report 2013 Consolidated financial statements SECTION 5: ACQUISITIONS AND ASSOCIATES 106 SECTION 5.1  Acquisition of subsidiaries