Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

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Summary of Identifiable Net Assets Acquired, Including Adjustments to Provisional Fair Values

The identifiable net assets acquired, including adjustments to provisional fair values, were as follows:

	2019 €m		2018 €m		2017 €m
ASSETS
Non-current assets
Property, plant and equipment		319		2,614		1,536
Intangible assets		92		58		56
Equity accounted investments		-		1		-
Total non-current assets		411		2,673		1,592
Current assets
Inventories		58		255		114
Trade and other receivables (i)		66		318		129
Cash and cash equivalents		10		69		174
Total current assets		134		642		417
LIABILITIES
Trade and other payables		(73)		(224)		(149)
Provisions for liabilities		(6)		(84)		(49)
Retirement benefit obligations		(1)		(115)		(52)
Lease liabilities		(64)		-		-
Interest-bearing loans and borrowings and finance leases*		(9)		(74)		(12)
Current income tax liabilities		9		(15)		(22)
Deferred income tax liabilities		-		(411)		(132)
Total liabilities		(144)		(923)		(416)
Total identifiable net assets at fair value		401		2,392		1,593
Goodwill arising on acquisition (ii)		278		1,504		487
Joint ventures becoming subsidiaries		-		(120)		-
Non-controlling interests**		(1)		(48)		(20)
Total consideration		678		3,728		2,060
Consideration satisfied by:
Cash payments		660		3,574		2,015
Asset exchange		-		12		-
Deferred consideration (stated at net present cost)		10		10		45
Contingent consideration		8		93		-
Profit on step acquisition		-		39		-
Total consideration		678		3,728		2,060
Net cash outflow arising on acquisition
Cash consideration		660		3,574		2,015
Less: cash and cash equivalents acquired		(10)		(69)		(174)
Total outflow in the Consolidated Statement of Cash Flows		650		3,505		1,841

Summary of Number of Acquisitions Completed and Details of Goodwill and Consideration

The following table analyses the 58 acquisitions completed in 2019 (2018: 44 acquisitions; 2017: 31 acquisitions) by reportable segment and provides details of the goodwill and consideration figures arising in each of those segments:

	Number of acquisitions						Goodwill						Consideration
Reportable segments	2019		2018		2017		2019		2018		2017		2019		2018		2017
Continuing operations							€m		€m		€m		€m		€m		€m
Americas Materials		27		24		13		31		1,353		239		161		3,398		1,171
Europe Materials		15		10		8		3		46		155		64		86		698
Building Products		15		8		8		228		74		76		450		211		162
Total Group from continuing operations		57		42		29		262		1,473		470		675		3,695		2,031
Discontinued operations
Europe Distribution		1		2		2		-		-		17		3		33		30
Total Group		58		44		31		262		1,473		487		678		3,728		2,061
Adjustments to provisional fair values of prior year acquisitions								16		31		-		-		-		(1)
Total								278		1,504		487		678		3,728		2,060

Summary of Post Acquisition Impact

The post-acquisition impact of acquisitions completed during the year on the Group’s profit for the financial year was as follows:

	2019		2018		2017
Continuing operations	€m		€m		€m
Revenue		204		1,202		505
Profit/(loss) before tax for the financial year		2		145		(1)

Summary of Revenue and Profit Determined as Though Acquisitions Effected During the Year had been at the Beginning of the Year

The revenue and profit of the Group for the financial year determined in accordance with IFRS as though the acquisitions effected during the year had been at the beginning of the year would have been as follows:

	2019 acquisitions		CRH Group excluding 2019 acquisitions		Pro-forma consolidated Group
Continuing operations	€m		€m		€m
Revenue		458		24,925		25,383
Profit before tax for the financial year		18		2,113		2,131