During Fiscal 2020, goodwill totaling 77 million euro was recognized, mainly related to the acquisitions of Prima Assistance and Active Global Health Sciences Education Group in Homecare, and CSM in Corporate Services.
The table below shows the impact of newly consolidated entities. It includes the values of the assets acquired and liabilities assumed, as provisionally estimated as of August 31, 2020, and the adjustments resulting from the final purchase price allocation of prior acquisitions:
| (in millions of euro) | AUGUST 31, 2020 |
|---|---|
| Intangible assets | Intangible assets AUGUST 31, 2020 2 |
| Property, plant and equipment | Property, plant and equipment AUGUST 31, 2020 3 |
| Other non-current assets (including client investments) | Other non-current assets (including client investments) AUGUST 31, 2020 4 |
| Trade receivables | Trade receivables AUGUST 31, 2020 22 |
| Other current assets | Other current assets AUGUST 31, 2020 4 |
| Cash and cash equivalents | Cash and cash equivalents AUGUST 31, 2020 9 |
| Borrowings | Borrowings AUGUST 31, 2020 5 |
| Other non-current liabilities | Other non-current liabilities AUGUST 31, 2020 (6) |
| Net deferred tax | Net deferred tax AUGUST 31, 2020 - |
| Other current liabilities | Other current liabilities AUGUST 31, 2020 (38) |
| TOTAL IDENTIFIABLE NET ASSETS | TOTAL IDENTIFIABLE NET ASSETS AUGUST 31, 2020 5 |
| CONSIDERATION TRANSFERRED(1) | CONSIDERATION TRANSFERRED (1)AUGUST 31, 2020 (74) |
| Fair value of shares previously held | Fair value of shares previously held AUGUST 31, 2020 8 |
| GOODWILL(2) | GOODWILL (2)AUGUST 31, 2020 77 |
(1) Includes the consideration transferred payed in Fiscal 2019 for companies initially consolidated in Fiscal 2020, for -31 million euro.
(2) Goodwill is recognized as the difference between acquisition price and identifiable net assets at fair value. It principally represents the savoir-faire and expertise of employees and synergies expected from acquired companies.
Business combinations impacts the Cash flow statement as follows:
| Price paid during the year | Price paid during the year (30) |
|---|---|
| Cash acquired | Cash acquired 9 |
| Acquisitions of subsidiaries | Acquisitions of subsidiaries (20) |
Companies consolidated during Fiscal 2020 were integrated from the date of acquisition, and contributed for 110 million euro to consolidated revenue and for 2 million euro to the consolidated underlying operating profit of the period.
Goodwill variations during Fiscal 2020 and the comparative period are presented in note 6.1 “Goodwill”.
