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clock Created with Sketch. 09/05/23
09:49
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Originally posted by roboshan:
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100% correct Skinsy. "On 30 September 2013, we acquired a 50 per cent shareholding inFred IT Group Pty Ltd and its controlled entities (Fred IT Group) fora total consideration of $27 million, with $3 million of thiscontingent upon the entity achieving pre-determined targets forthe earn out period of financial year 2014. At 30 June 2014 earnout targets were reassessed resulting in $3 million additionalcontingent consideration being recognised in the incomestatement. We consolidate the results of Fred IT Group as we havecontrol through our decision making ability on the board."
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For what it's worth
