Note 31 Acquisitions

On 17 April 1996 the group acquired Kmart CR a.s. and Kmart SR a.s. for £79m. In addition, the group paid £3m to increase its holding from 74% to 97% in the Hungarian food retailer Global T.H. and acquired two new stores as trading businesses in France through Catteau S.A. for £27m. All the group's acquisitions have been accounted for using acquisition accounting. The acquisitions have been consolidated into the Tesco group balance sheet as follows:

		Balance sheet at aquisition £m	Fair value adjustments £m		Fair value balance sheets £m
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Fixed assets		74	(4)		70
Working capital including cash		10	(2)		8
Taxation		1	-		1
Minority interests		3	-		3
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Shareholders' funds		88	(6)		82
Goodwill					30
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Total purchase consideration					112
Cash aquired					3
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Purchase consideration paid					109
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