Notes to the Consolidated Financial Statements  Cardno Limited and its Controlled Entities for the year ended 30 June 2010 34. BUSINESS COMBINATIONS CONTINUED  (b)  The Group also acquired the issued share capital of TBE Group Inc, a US based infrastructure services firm with  offices across 19 US states as well as China, the UK and Canada, with an effective acquisition date of 15  September 2008 and contributed revenues of $75,381,574 and net profit after tax (NPAT) of $6,260,221 to the  Group.  If the acquisition had occurred on 1 July 2008 revenue and NPAT for the Group would have been $606,730,344 and  $41,856,788 respectively.  Details of acquisition  $’000 Purchase Consideration  Cash 36,573  Vendor liability – earn-out agreement  9,027  Direct costs relating to the acquisitions  589  Total purchase consideration  46,189  Fair value of net identifiable assets acquired  3,488  Goodwill 42,701  Acquirees’  carrying  amount  $’000  Fair Value $’000  Cash 423 423 Receivables 13,222 13,222 Inventories 3,778 3,778 Property, plant and equipment  1,643  1,643  Intangibles - 1,039 Provisions (7,184) (7,184) Creditors & borrowings  (9,433) (9,433) Net identifiable assets acquired  2,449 3,488 Outflow of cash to acquire subsidiary, net of  cash acquired  Cash consideration  36,573  Less: Balances acquired  Cash 423  Outflow of cash  36,150 Page 67 of 80  The assets and liabilities arising from the acquisition are as follows:  The assets and liabilities arising from the acquisitions are as follows:  Acquirees’  carrying  amount  $’000  Fair Value  $’000  Cash 1,527 1,527 Receivables 1,995 1,995 Inventories 17 17 Deferred tax assets  233  233  Property, plant and equipment  1,581  1,581  Creditors & borrowings  (1,288) (1,288) Provisions (1,078) (1,078) Net identifiable assets acquired  2,987 2,987 Outflow of cash to acquire subsidiaries, net of  cash acquired  Cash consideration  7,400  Less: Balances acquired  Cash 1,527  Outflow of cash  5,873