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## Note 42 – Acquisition of subsidiaries and businesses (continued) 

The accounting for the Mosaic acquisition has only been provisionally determined at the reporting date. Subject to the finalisation of the provisional acquisition accounting, all identifiable intangible assets have been recognised separately from goodwill. In accordance with the requirements of AASB 3 Business Combinations , the consolidated entity has 12 months from the date of acquisition to finalise its acquisition accounting, and therefore the information presented should be considered provisional. 

## 2010 

## Acquisition of wind farm development projects 

On 17 June 2009, the consolidated entity entered into a sale and purchase agreement with Transfield Services Limited to acquire 100% of the issued capital of Barn Hill Wind Farm Pty Ltd and the business assets of the Crows Nest wind farm development. The acquisition was completed on 14 December 2009, on which date the consolidated entity obtained control of Barn Hill Wind Farm Pty Ltd. The consideration paid comprised cash of $9.0 million. 

The assets acquired comprised the rights to the Barn Hill wind farm development project in South Australia and the Crows Nest wind farm development project in Queensland. 

Acquisition-related costs amounting to $0.4 million were excluded from the consideration paid and were recognised as an expense in the 2010 year, within the ‘other expenses’ line item in the income statement. 

## Acquisition of Boilerland 

On 6 April 2010, the consolidated entity acquired the Queensland based boiler and thermal service business, Boilerland, from the privately owned company, Boilerland Pty Ltd. The consideration paid comprised cash of $0.8 million. 

Boilerland specialises in programmed maintenance and the manufacture of reconditioned and new steam boilers as well as commercial and industrial hot and warm water systems. 

Acquisition-related costs amounting to $0.1 million were excluded from the consideration paid and were recognised as an expense in the 2010 year, within the ‘other expenses’ line item in the income statement. 

The fair value of the identifiable assets and liabilities of each acquisition as at the respective dates of acquisition were as follows: 

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The goodwill arising on the acquisition of Boilerland was attributable to the benefit of expected synergies from integrating the business into the Merchant Energy segment, future market development opportunities and the technical skills of the Boilerland workforce. The goodwill was not expected to be deductible for tax purposes. 

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