| Schedule of measurement |
|
|
|
|
| Assets acquired and liabilities assumed |
|
USD (000s) |
|
| ASSETS ACQUIRED |
|
|
|
|
| Cash and cash equivalents |
|
$ |
321 |
|
| Accounts receivable, net |
|
|
574 |
|
| Other current assets |
|
|
183 |
|
| Work in progress |
|
|
320 |
|
| Fixed assets, net |
|
|
520 |
|
| Customer relationships |
|
|
1,839 |
|
| Trade names and trademarks |
|
|
478 |
|
| Developed technology fair value adjustment |
|
|
515 |
|
| Total assets acquired, excluding goodwill |
|
|
4,750 |
|
| |
|
|
|
|
| LIABILITIES ASSUMED |
|
|
|
|
| Accounts payable |
|
|
878 |
|
| Accrued expenses |
|
|
237 |
|
| Statutory liability |
|
|
338 |
|
| Long-service leave liability |
|
|
10 |
|
| Provision for income tax |
|
|
193 |
|
| Total liabilities assumed |
|
|
1,656 |
|
| Provisional fair value of identifiable net assets acquired |
|
|
3,094 |
|
| |
|
|
|
|
| PURCHASE CONSIDERATION |
|
|
|
|
| Cash paid to sellers |
|
|
3,074 |
|
| Escrow consideration |
|
|
464 |
|
| Amount payable to seller |
|
|
24 |
|
| Total provisional purchase consideration |
|
|
3,562 |
|
| Add: Adjustment on tax provision |
|
|
624 |
|
| Provisional goodwill recognized |
|
$ |
1,092 |
|