31. Business Combinations and Acquisitions of Joint Ventures  The principal acquisitions completed during the year ended 31 December 2012 by reportable segment, together with the completion dates, are detailed below;  these transactions entailed the acquisition of an effective 100% stake except where indicated to the contrary: Europe Materials :  Finland:  Lemminkainen Rakennustuotteet (28 September);  Isle of Man:  assets of Cemex (20 December). Europe Distribution :  Belgium:  Sani-Design (10 August) and Lambrechts (19 December);  the Netherlands:  Wijck’s Afbouwmaterialen (11 June). Europe Products :  Germany:  Alulux Erhardt (4 April);  Malaysia:  Moment Group (24 April, also Singapore, Philippines and India);  United Kingdom : Anchor Bay  Construction Products (4 January) and Helifix (3 December).  Americas Materials :  Colorado:  Mud Creek reserves (17 February), DeBeque reserves (5 March) and Otter Creek (23 March);  Delaware:  Heritage JV (50%, 30  January, also Maryland and Pennsylvania);  Massachusetts:  Morse (31 October);  Nebraska:  Omni Engineering (2 March) and KMG Partners (20 March);  New Jersey: Trap Rock Industries (31 December);  North Carolina:  Rhodes Brothers Paving (13 January);  Ohio:  Sidwell Materials (31 December);  Pennsylvania:  certain assets of  Haines and Kibblehouse (27 December, also Maryland);  Tennessee:  Concrete Materials (28 December);  Texas:  Knife River (30 March);  West Virginia:  Alcon (23  February), Arrow Construction (15 June) and BTI (50%, 6 July). Americas Products :  Ontario:  paver plant assets of Hanson Hardscapes (17 August, also Florida);  California:  precast assets of US Concrete (20 August);  Florida: Corbitt Manufacturing (5 June, also Louisiana and Texas);  Maryland:  L&L Brick Supply (31 July);  Michigan:  Surface Coatings (14 December);  Oregon:  Bowco  Industries (18 October) and selected production assets of Hanson Precast (13 December, also Washington);  Rhode Island:  Park Avenue Cement Block (24  February);  Texas:  packaged products assets of TXI (16 April). CRH 115 The identifiable net assets acquired, including adjustments to provisional fair values, were as follows: 2012 2011 €m €m Assets Non-current assets Property, plant and equipment  254   339  Intangible assets  65   29  Deferred income tax assets   10   2  Total non-current assets  329   370  Current assets Inventories  98   53  Trade and other receivables (i)  103   62  Cash and cash equivalents  19   24  Total current assets  220   139  Liabilities Non-current liabilities Deferred income tax liabilities  (19) (29) Provisions for liabilities (stated at net present cost)  (1) (14) Non-current interest-bearing loans and borrowings and finance leases (5) (33) Total non-current liabilities (25) (76) Current liabilities Trade and other payables  (57) (49) Current income tax liabilities (3)  - Provisions for liabilities (stated at net present cost)   - (1) Current interest-bearing loans and borrowings and finance leases (37) (14) Total current liabilities (97) (64) Total identifiable net assets at fair value  427   369  Goodwill arising on acquisition (ii)  165   207  Excess of fair value of identifiable net assets over consideration paid   - (5) Non-controlling interests*  -  2  Total consideration   592   573  Consideration satisfied by: Cash payments  439   531  Deferred consideration (stated at net present cost)  77   14  Contingent consideration (iii)  76   28  Total consideration  592   573  *  Measured at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets. Net cash outflow arising on acquisition Cash consideration  439   531  Less: cash and cash equivalents acquired (19) (24) Total  420   507 