Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Text block [abstract]

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:

	2021 $m		2020 $m		2019 $m
ASSETS
Non-current assets
Property, plant and equipment		609		134		358
Intangible assets		131		31		103
Total non-current assets		740		165		461
Current assets
Inventories		157		23		65
Trade and other receivables (i)		191		47		73
Cash and cash equivalents		7		-		11
Total current assets		355		70		149
LIABILITIES
Trade and other payables		(143)		(21)		(82)
Provisions for liabilities		(1)		-		(7)
Retirement benefit obligations		-		-		(1)
Lease liabilities		(88)		(12)		(71)
Interest-bearing loans and borrowings		(3)		-		(10)
Current income tax liabilities		-		(1)		10
Deferred income tax liabilities		(37)		-		-
Total liabilities		(272)		(34)		(161)
Total identifiable net assets at fair value		823		201		449
Goodwill arising on acquisition (ii)		679		157		310
Non-controlling interests*		-		-		(1)
Total consideration		1,502		358		758
Consideration satisfied by:
Cash payments		1,501		351		738
Deferred consideration (stated at net present cost)		-		4		12
Contingent consideration		1		3		8
Total consideration		1,502		358		758
Net cash outflow arising on acquisition
Cash consideration		1,501		351		738
Less: cash and cash equivalents acquired		(7)		-		(11)
Total outflow in the Consolidated Statement of Cash Flows		1,494		351		727

Notes (i) to (ii) are set out overleaf.

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

The following table analyses the 20 acquisitions completed in 2021 (2020: 17 acquisitions; 2019: 58 acquisitions) by reportable segment and provides details of the goodwill and consideration figures arising in each of those segments:

Reportable segments	Number of acquisitions						Goodwill						Consideration
	2021		2020		2019		2021		2020		2019		2021		2020		2019
Continuing operations							$m		$m		$m		$m		$m		$m
Americas Materials		8		7		27		239		53		35		694		163		182
Europe Materials		4		4		15		1		-		4		17		7		71
Building Products		8		6		15		434		90		253		790		182		501
Total Group from continuing operations		20		17		57		674		143		292		1,501		352		754
Discontinued operations
Europe Distribution		-		-		1		-		-		-		-		-		4
Total Group		20		17		58		674		143		292		1,501		352		758
Adjustments to provisional fair values of prior year acquisitions								5		14		18		1		6		-
Total								679		157		310		1,502		358		758

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:

	2021		2020		2019
Continuing operations	$m		$m		$m
Revenue		568		103		228
Profit before tax for the financial year		51		9		2

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:

	2021 acquisitions $m		CRH Group excluding 2021 acquisitions $m		Consolidated Group including acquisitions $m
Revenue		1,397		30,413		31,810
Profit before tax for the financial year		94		3,291		3,385