Combination

Pacific Meat
Post Combination

EDS Manufacturing Inc

Current Assets
Cash

Trade and other receivables

Inventories
Prepayments
Goodwill
Investment in EDS Manufacturing Inc.
Investment in Forever 21
Other current assets

68,419,309
558,624,395
1,693,988,605
71,901,208
60,446

Total Current Assets

2,392,993,963

1,762,895
14,477,847
37,624,723
424,299

Non Current Assets

Deferred tax asset
Property Plant and Equipment
Other non-current assets
Retirement Benefit Asset
Investment in shares of stock
TRADEMARK

2,938,977
257,624,213
604,056,033

Total non-current assets

864,619,223

TOTAL ASSETS

15,857,882
723,743
1,637,367
75,047

3,257,613,186

72,583,803.00

Income tax payable

Trade and other payable
Loan payable
Other current liabilities
Borrowings

129,502
856,167,004
1,285,500,000
7,787,351

424,659
25,405,221

Total current Liabilities

2,149,583,857

Current Liabilities

14,900,000

Non current Liabilities

Employee Benefit Obligation
Liability for contingent consideration

170,434
34,000

Pension Liability
Deferred Income Tax Liabilities
Contingent Liability

1,924,864
58,143

Total Liabilities

2,151,713,155

Stockholder's equity
Share capital
share premium
Paid in capital for contingent Conside
contributed capital
Cumulative earnings
retained earnings
Revaluation reserves
Retained Earnings-Appropriated
Retained Earnings-Unapropriated
NCI

500,045,900
206,755,500
86,246
93,906,250
295,104,826
10,001,309

Total Equity
TOTAL EQUITY AND LIABILITIES

10063440

51626
21680714

1,105,900,031

3,257,613,186

72,583,803

EDS MANUFACTURING
AFTER ACQUIRED

JOURNAL ENTRIES
DEBIT

CREDIT
6,766,673.40

25,182,337.20

(5,003,778.40)
14,477,847.00
37,624,723.00
424,299.00
25,182,337.20

72,705,427.80

11,726,412.00

4131470
723743
1637367
75047

6567627
79,273,054.80

424,659
25,405,221
14,900,000
40,729,880

1,087,329.00

1,087,329

58,143
41,875,352

3,000,000.00
2,400,000.00
201,922.80

13063440
2400000
201922.8
0
0
51626
21680714
0
0
0
37,397,703
79,273,055

ELIMINATING ENTRIES
DEBIT
CREDIT

CONSO -EDS

73,351
2,487,063
1,305,277
223,261
3,815,506.00
25,182,337.20

63,342,180
575,589,305
1,732,918,605
72,548,768
3,875,952
-

2,448,274,810

2,938,977
262,816,551
604,923,602
2,337,407
75,047
-

1,060,868
143,826
700,040

873,091,584
3,321,366,394

10,099
1,431,673

577843

544,062
880,140,552
1,285,500,000
7,787,351
15,477,843
2,189,449,808

170,434
1,121,329

1637
350,000

1,924,864
59,780
350,000
2,193,076,215

10063440

21680714
51626

16,788,224.80

503,045,900
209,155,500
288,169
93,906,250
295,104,826
(21,629,088)
31,630,397
16,788,225
1,128,290,179
3,321,366,394

42973393

42973393

FOREVER 21

261,785,175.00
117,447,324.00
313,615,997.00

JOURNAL ENTRIES
DEBIT

CREDIT
55,378,436.00

10,602,201.00

703,450,697

1,680,923.00

23,566,130.00

1,680,923.00
705,131,620.00

591,140,410.00

3,718,379.38

591,140,410.00

9,400,003.00

15,000,000.00
9,220,644.97
28,480,971.52

7,124,450.63
98,000,000.00
6,591,207.00

113991210
705,131,620.00
0

ELIMINATING ENTRIES
DEBIT

CREDIT

11,053,043.00

1,872,763.00

319,077.00

35,198,651.00

1,758,394.00
3,388,768.50

9,400,003.00

98,000,000.00
13,715,657.63
28,497,802.50

Pacific Meat
Current Assets
Cash
Trade and other receivables
Inventories
Prepayments
Goodwill
Investment in EDS Manufacturing Inc.
Investment in Forever 21
Other current assets

68,419,309
558,624,395
1,693,988,605
71,901,208
60,446

Total Current Assets

2,392,993,963

Non Current Assets

Deferred tax asset
Property Plant and Equipment
Other non-current assets
Retirement Benefit Asset
Investment in shares of stock
Trademark

2,938,977
257,624,213
604,056,033

Total non-current assets

864,619,223

TOTAL ASSETS

3,257,613,186

Current Liabilities
Income tax payable
Trade and other payable
Loan payable
Other current liabilities
Borrowings

129,502
856,167,004
1,285,500,000
7,787,351

Total current Liabilities

2,149,583,857

Non current Liabilities

Employee Benefit Obligation

Liability for contingent consideration
Pension Liability
Deferred Income Tax Liabilities
Contingent Liability
Total Liabilities
Stockholder's equity
Share capital
share premium
contributed capital
Paid in capital for contingent Consideration
Cumulative earnings
Revaluation reserves
Retained Earnings-Appropriated
Retained Earnings-Unapropriated
NCI
Total Equity
TOTAL EQUITY AND LIABILITIES

170,434
34,000
1,924,864

2,151,713,155

500,045,900
206,755,500
93,906,250
86,246
295,104,826
10,001,309

1,105,900,031
3,257,613,186

EDS Manufacturing Inc.

(5,003,778)
14,477,847
37,624,723
424,299
25,182,337

FOREVER 21

ELIMINATING ENTRIES-EDS
DEBIT

218,907,316
117,447,324
313,615,997

2,487,063
1,305,277
223,261
3,815,506

113,991,210
10,602,201
72,705,428

774,564,048

7,831,107

4,131,470
723,743
1,637,367
75,047

(17,171,981)

1,060,868
143,826
700,040

6,567,627

(17,171,981)

1,904,734

79,273,055

424,659
25,405,221
14,900,000
40,729,880

757,392,067

9,735,841

591,140,410

10,099
1,431,673

591,140,410

1,441,772

1,087,329
58,143
-

2,974,704

41,875,352

594,115,114

1,441,772

13,063,440
2,400,000
201,923
51,626
21,680,714

21,400,003
7,376,516

10,063,440

22,784,777
###
98,000,000
13,715,658

21,680,714

37,397,703

163,276,954

31,795,780

79,273,055

757,392,067
-

33,237,552

ING ENTRIES-EDS
CREDIT

ELIMINATING ENTRIES - F21

DEBIT
CREDIT

73,351
11,053,043
11,053,043

25,182,337
113,991,210
1,872,763
25,255,688

11,053,043

126,917,016

319,077

35,198,651

25,255,688

35,517,728
46,570,771

126,917,016

1,758,394
3,388,769

577,843
577,843

5,147,163

1,637
350,000
929,480

5,147,163

9,400,003

###
6,591,207
16,788,225

28,497,803

16,788,225

113,991,210

28,497,803

17,717,705

113,991,210

33,644,965

CONSOLIDATION

282,249,496
704,089,672
2,035,481,559
72,548,768
3,875,952
8,729,438
3,106,974,885

2,938,977
245,963,647
604,923,602
2,337,407
75,047
35,198,651

891,437,331
3,998,412,216

2,302,456
1,474,669,731
1,285,500,000
7,787,351
15,477,843
2,785,737,381

170,434
4,096,033
1,924,864
59,780
350,000
2,792,338,491

515,045,900
216,532,016
94,108,173
22,871,023
295,104,826
10,001,309
21,680,714
(14,556,263)
45,286,027
1,206,073,725
3,998,412,216