Energy and Infrastructure UK Limited Group (‘CEI UK’) 806.0 100.0% 1 April 2022 Vantage RE Ltd., a wholly owned subsidiary of TNBI completed its acquisition of CEI UK for a purchase consideration of GBP145.9 million in cash, through two Share Purchase Agreements (‘SPAs’) with Capital Dynamics Clean Energy and Infrastructure Jersey Limited and CEI WSH Limited (‘the Sellers’) respectively. Refer to Note 49 for the principal activities of these companies. The Group’s profit after tax for the financial year ended 31 December 2022 would have been estimated at RM3,569.0 million if CEI UK had been consolidated from the beginning of the financial year. From the acquisition date up to 31 December 2022, CEI UK contributed a profit after tax of RM9.4 million. NOTES TO THE FINANCIAL STATEMENTS 31 December2023 FINANCIAL STATEMENTS Sec 5 341 48 SIGNIFICANT ACQUISITIONS DURING CURRENT AND PRECEDING FINANCIAL YEARS (CONTINUED) Acquisitions during the preceding financial year (continued) Subsidiary acquired by the Group during the financial year ended 31 December 2022 was as follows: (continued) Details of the assets, liabilities and net cash outflow as at the date of the acquisition of this subsidiary by the Group during the financial year ended 31 December 2022 was as follows: CEI UK Book value RM’million Fair value RM’million Recognised amounts of identifiable assets acquired and liabilities assumed: - PPE (Note 5) 1,047.1 1,584.4 - ROU assets (Note 6) 71.7 79.4 - Intangible assets 120.2 0 - Receivables, deposits and prepayments 65.1 65.1 - Deposits, bank and cash balances 95.2 95.2 - Payables (55.8) (55.8) - Lease liabilities (Note 15) (71.7) (79.4) - Borrowings (Note 26) (649.2) (649.2) - Other liabilities (9.7) (10.3) - Deferred tax liabilities (Note 12) (107.0) (241.3) T otal identifiable net assets 505.9 788.1 Goodwill (Note 10) 17.9 T otal 806.0 Cash consideration paid 806.0 Cash and cash equivalents assumed (95.2) Net cash outflow on acquisition 710.8 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL