Notes to the consolidated annual financial statements | Note 22

  Rm 2017   2016  
22. Business combinations        
  Aggregate net cash consideration paid        
  Shared Networks Tanzania Limited (Note 22.1) 136    
  Altron TMT (Pty) Limited (Note 22.2) 149   573  
    285   573  

22.1 Shared Networks Tanzania Limited
  During July 2016, the Group acquired 100% of the issued share capital of Shared Networks Tanzania Limited from its shareholders for a consideration of R160 million. 15% of the purchase price is reserved for future claims, warranty and indemnity. The fair value of the net identifiable assets acquired amounted to R147 million. The goodwill represents future synergies, and is allocated to the Group’s Tanzania cash-generating unit.
  Rm 2017   
  Final fair value of net identifiable asset acquired  147    
      Intangible assets  158    
      Property, plant and equipment  113    
      Current assets  13    
      Current liabilities  (90)   
      Deferred tax  (47)   
   Goodwill  13    
   Deferred consideration  (24)   
   Consideration transferred  136   

  The amounts of revenue and profit or loss of the acquiree included in the consolidated income statement for the year ended
31 March 2017, as well as the impact on consolidated revenue for the Group if the acquisition date occurred at the beginning of the annual reporting period, is immaterial.
22.2 Altron TMT (Pty) Limited
  Effective 16 March 2016 the Group acquired its Altech Autopage customer base from Altron TMT (Pty) Limited. During the current financial year, deferred consideration of R149 million was paid after certain conditions relating to the purchase price were met.