13
fixed assets investments
cont... |
Principal
trading
subsidiaries
|
Class
of
share held
|
 |
Proportion
held by the parent
company
|
|
Proportion
held by the Group |
|
Country
of
incorporation
|
|
| iSOFT plc |
Ordinary |
|
100% |
|
|
|
England
& Wales |
|
| iSOFT Overseas Holdings Limited |
Ordinary |
|
100% |
|
|
|
England & Wales |
|
| iSOFT
Limited |
Ordinary |
|
|
|
100% |
|
Ireland |
|
| iSOFT
R&D Private Limited |
Ordinary |
|
|
|
75% |
|
India |
|
| iSOFT
Holdings (Singapore) Pte Limited |
Ordinary |
|
|
|
100% |
|
Singapore |
|
| iSOFT Applications Limited* |
Ordinary |
|
100% |
|
|
|
England & Wales |
|
| iSOFT Holdings Pty Limited |
Ordinary |
|
50% |
|
100% |
|
Australia |
|
| iSOFT
Healthcare Systems Pty Limited |
Ordinary |
|
|
|
100% |
|
Australia |
|
| iSOFT
Australia Pty Limited |
Ordinary |
|
|
|
100% |
|
Australia |
|
| Eclipsys
Pty Limited |
Ordinary |
|
|
|
100% |
|
Australia |
|
| Paramedical
Pty Limited |
Ordinary |
|
|
|
100% |
|
Australia |
|
| ACT Medisys Limited |
Ordinary |
|
100% |
|
|
|
England
& Wales |
|
| iSOFT
Laboratory Systems Limited |
Ordinary |
|
|
|
100% |
|
England
& Wales |
|
| Revive Group Limited |
Ordinary |
|
100% |
|
|
|
England
& Wales |
|
| Revive
Health Limited |
Ordinary |
|
|
|
100% |
|
England
& Wales |
|
| * formerly
known as Eclipsys Limited |
|
|
|
|
|
|
|
|
|
 |
| |
|
On 15 April 2003 the Group acquired shares issued
by iSOFT Applications Limited for cash consideration of £338,900.
The shares issued and acquired comprised of 19,900 ordinary shares
of £1 each, 240,000 ‘B’ ordinary shares of £1
each and 79,000 fixed rate preference shares of £1 each. |
|
| |
The share capital of iSOFT Applications Limited
at the balance sheet date comprises 20,000 ordinary £1 shares;
240,000 ‘B’ ordinary £1 shares and 79,000 fixed
rate preference shares. The fixed rate preference shares are held
by an Employee Benefit Trust. |
|
| |
14
acquisition
of subsidiary
undertakings
|
i_Acquisition of the healthcare
systems business of Northgate Information Solutions plc
On 31 July 2002 the Group acquired the healthcare systems business
of Northgate Information Solutions plc whose assets and liabilities
were as follows: |
|
| |
| |
Book |
|
Fair
value |
|
Fair |
|
| |
value |
|
adjustment |
|
value |
|
| |
£'000 |
|
£'000 |
|
£'000 |
|
| Tangible
fixed assets |
473 |
|
(439) |
|
34 |
|
| Debtors |
4,781 |
|
(415) |
|
4,366 |
|
| Creditors |
(2,322) |
|
– |
|
(2,322) |
|
|
 |
|
|
|
|
|
| Net separable assets
acquired |
2,932 |
|
(854) |
|
2,078 |
|
| Goodwill |
|
|
|
|
31,372 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
33,450 |
|
|
|
|
|
|
|
|
| Satisfied by: |
|
|
|
|
|
|
| Cash consideration |
|
|
|
|
33,000 |
|
| Acquisition costs paid |
|
|
|
|
450 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
33,450 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
