Page 267 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 265
Annual Report 2021/22

The Group restated the consolidated statement of financial position as at 31 March 2021, presented as comparative information, to reflect the fair value
of the identifiable assets acquired and liabilities assumed of ADB as from the acquisition date. The amounts of the adjustments affecting the consolidated
statements of financial position are summarised as below:

(Unit: Thousand Baht)
Increase (decrease)
31 March 2021
Consolidated statements of f nancial position
Estimated amount by which costs of the acquisitions of investments in subsidiaries exceed identifiable net assets of the acquirees (54,313)
Goodwill 52,836
Intangible assets 12,900
Deferred tax assets 1,765
Trade and other payables 10,608
Deferred tax liabilities 2,580

14.7 Rocket Holdings HK Limited (“Rocket”)
TBN Software Company Limited (“TBN”)

On 8 November 2021, a meeting of the Company’s Executive Committee passed resolution to approve the Company to acquire of ordinary shares in
Rocket totaling 12,850,182 shares, at the price of USD 1 per share, totaling the amount of approximately USD 13 million, equivalent to Baht 361 million,
which is equivalent to 100% of total issued shares of Rocket, Rocket is a Hong Kong incorporated company, from Rocket Holdings (BVI) Limited.
The Company received investment in TBN from investment in Rocket which holds 25% shares in TBN (associate). TBN is a Thai company engaging in
digital transformation consulting and software development.

The Company is in process of measuring the fair value at the acquisition date of the identifiable assets acquired and liabilities assumed. The Company’s
management made estimates of TBN’s assets and liabilities as at 31 December 2021 and the acquisition date and determined that they were not significantly
different. The values of the assets and liabilities of TBN at the acquisition date were summarised below.