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© Rolls-Royce plc 2007

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Annual report and accounts 2006

32 Acquisitions and disposals

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31 Related party transactions
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Notes to the financial statements menu
During the year the Group acquired Data Systems & Solutions (previously a joint venture), as summarised below.
  Total
£m
Intangible assets 10
Property, plant and equipment 2
Deferred tax assets 1
Inventory 2
Trade and other receivables 18
Cash and cash equivalents 5
Trade and other payables (21)
Borrowings – current liabilities (1)
Provisions (3)
Borrowings – non-current liabilities (3)
Net assets 10
Financed by:  
Share of net assets transferred from joint venture 5
Net cash outflow per cash flow statement 5
  10

There were no significant fair value adjustments in respect of the net assets acquired.

During the year the Group received £1m of deferred consideration in respect of a disposal recognised in prior years.

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