Page 63 of 80  The assets and liabilities arising from the acquisitions are as follows:  Acquirees’  carrying  amount  $’000  Fair Value  $’000  Cash 1,439 1,439 Receivables 5,512 5,512 Deferred tax assets  261  261  Property, plant and equipment  1,795  1,795  Creditors & borrowings  (1,963) (1,963) Provisions (1,115) (1,115) Net identifiable assets acquired  5,929 5,929 Outflow of cash to acquire subsidiaries, net of  cash acquired  Cash consideration  24,993  Less: Balances acquired  Cash 1,439  Outflow of cash  23,554 The Group incurred acquisition related costs of $137,506 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 goodwill is attributable to the skills and technical talent of the employee’s of the ITC Group and Australian  Underground Services, the synergies expected to be achieved from integrating the Company into the Group’s existing  operations. Cardno Limited has agreed to pay the selling shareholders of Australian Underground Services Pty Ltd additional  consideration of $1,000,000 if the acquiree’s normalised EBIT over the period 1 January 2010 to 31 December 2010 is  $1,700,000. This amount has been included in the purchase consideration based on estimates of the acquiree’s  financial performance over the earn-out period.  Cardno Limited has agreed to pay an amount of $1,775,170 to the selling shareholders of ITC Group as additional  consideration relating to the collection of accounts receivable as at 1 January 2010. This has been included in purchase  consideration based on estimates of the amount that will be payable to the acquiree.  Contingent consideration  34. BUSINESS COMBINATIONS CONTINUED  Cardno Limited and its Controlled Entities for the year ended 30 June 2010 Notes to the Consolidated Financial Statements 