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 BERHADIntegrated Annual Report 2023 342 49 LIST OF SUBSIDIARIES The list of subsidiaries of the Group is as follows: Name of subsidiary Group’s effective interest Principal activities Country of incorporation 2023 2022 Allo Technology Sdn. Bhd. 100% 100% Information technology related services Malaysia Malaysia Transformer Manufacturing Sdn. Bhd. 100% 100% Principally engaged in the business of manufacturing, selling and repairing distribution, power and earthing transformers Malaysia SepangPowerSdn.Bhd.* (Dissolvedw.e.f.16.05.2023)-70%DormantMalaysia TNBCapital(L)Ltd.* (Dissolvedw.e.f.29.05.2023)-100%DormantMalaysia TNBDistributionSdn.Bhd.* (Dissolvedw.e.f.15.06.2023)-100%DormantMalaysia TNB Engineers Sdn. Bhd. 100% 100% Dormant Malaysia TNB Fuel Services Sdn. Bhd. 100% 100% Supplying fuel and coal for power generation Malaysia TNB Generation Sdn. Bhd. 100% 100% Dormant Malaysia TNB Global Captive (L) Ltd. 100% 100% Insurance and reinsurance related business Malaysia TNB Global Ventures Capital Berhad 100% 100% Investment holding company Malaysia TNB Hidro Sdn. Bhd. 100% 100% Dormant Malaysia TNB Integrated Learning Solution Sdn. Bhd. 100% 100% Providing training courses Malaysia TNB Risk Management Sdn. Bhd. 100% 100%