Significant acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

The following table summarizes the consideration paid for the hotel and the preliminary allocation of the purchase price to the estimated fair value of assets acquired and liabilities assumed at the acquisition date. The acquisition has been accounted for in accordance with ASC 805, Business Combinations, using the acquisition method of accounting whereby the total purchase price has been allocated to the acquired assets and liabilities as at May 26, 2017. The estimated fair values are preliminary and are subject to adjustment as the fair value analysis is finalized, which will be completed as soon as practicable, but no later than one year from the acquisition date.



	Fair value on May 26, 2017
	$'000
Consideration:

Agreed cash consideration	70,759
Less: Working capital adjustment	(2,107	)
Total purchase price	68,652

Assets acquired and liabilities assumed:

Cash and cash equivalents	20
Accounts receivable	112
Prepaid expenses and other	45
Inventories	108
Property, plant and equipment	59,159
Other intangible assets	6,100
Accounts payable	(595	)
Accrued liabilities	(360	)
Deferred revenue	(1,437	)
Goodwill	5,500
Net assets acquired	68,652

Schedule of Earnings From Business Acquisition

The results of operations of the hotel has been included in the consolidated financial results since the date of acquisition. The following table presents information for Belmond Cap Juluca included in the Company’s statements of condensed consolidated operations from the acquisition date to the period ending June 30, 2017:



	2017
	$'000

Revenue	918
Losses from continuing operations	(13,131	)