NOTES TO THE FINANCIAL STATEMENTS CONTINUED Notes to and forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 EVENTS OCCURING AFTER REPORTING DATE 33 NON-CASH FINANCING AND INVESTING ACTIVITIES 35 77  SUPER CHEAP AUTO GROUP LIMITED ANNUAL REPORT 2004 $'000 Consideration  84,233 Goodwill  (26) Net assets acquired  84,207 Represented by:  Receivables  14,127  Inventories  92,410  Property, plant and equipment  35,209  Intangibles  45,742  Tax balances  7,533 Borrowings  Dividends payable  Creditors  (57,719) 74,202 Cash acquired  10,005 On 23 April 2004, Super Cheap Auto Group Limited acquired 100% of Super Cheap Auto Pty Ltd and its  controlled entities for consideration of $84,233,157 of shares in Super Cheap Auto Group Limited. The  net assets acquired were as follows:  Consolidated  entity  entity 2004  $’000  $’000 Profit from ordinary activities after related income tax  2,767  0 Cash flows excluded from profit from ordinary activities attributable to operating activities  Depreciation and amortisation  1,554  Net (gain)/loss on sale of non-current assets  20  0 (Gain)/loss on disposal of service entity  (96)  Cash flow attributed to investing and financing activities  Interest paid - net  616  IPO costs to be reimbursed  798  GST credit claims for fixed asset purchases  162  0 Change in operating assets and liabilities, net of effects from the purchase of controlled entities and the sale of the service entity   - (increase) in receivables  (673)   - (increase) in inventories  (103)   - increase in payables  2,484   - (decrease) in provisions  (650)   - (decrease) in deferred tax  (285)  0 Net cash inflow from operating activities  6,594  0 RECONCILIATION OF PROFIT FROM ORDINARY ACTIVITIES AFTER INCOME TAX TO NET CASH INFLOW FROM OPERATING ACTIVITIES 34 On 6 July 2004, 41,507,568 shares were sold by the principal shareholder, being Rowe Family Trust. Pursuant to this, the Company’s shares were listed on the Australian Stock Exchange.