Alibaba Group Holding Ltd - 20-F filing on 2023-07-21

Significant mergers and acquisitions and investments (Tables)

12 Months Ended

Mar. 31, 2023

Schedule of the allocation of the purchase price as of the date of acquisition

The allocation of the purchase price as of the date of acquisition is summarized as follows:


	Amounts
	RMB
	(in millions)
Net assets acquired (i)		49,672
Amortizable intangible assets (ii)
Trade names, trademarks and domain names		11,500
Non-compete agreements		4,700
Developed technology and patents		615
User base and customer relationships		47
Goodwill		13,474
Deferred tax liabilities		(9,629	)
Noncontrolling interests (iii)		(23,684	)
		46,695


	Amounts
	RMB
	(in millions)
Total purchase price is comprised of:
‑ cash consideration		24,136
‑ fair value of previously held equity interests		22,559
		46,695

(i)

Net assets acquired primarily included property and equipment of RMB27,333 million, operating lease right-of-use assets relating to land use rights of RMB22,997 million, payables and accruals for cost of revenue of RMB14,681 million, short-term investments of RMB14,387 million, customer advances of RMB11,082 million and inventories of RMB9,341 million as of the date of acquisition.

(ii)

Acquired amortizable intangible assets had estimated amortization periods not exceeding 13 years and a weighted-average amortization period of 11.8 years.

(iii)

Fair value of the noncontrolling interests was estimated with reference to the market price per share as of the acquisition date.

Other acquisitions, summarized

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

Other acquisitions that constitute business combinations are summarized in the following table:


	Year ended March 31,
	2021			2022			2023
	RMB			RMB			RMB
	(in millions)
Net (liabilities) assets		(106	)		852		1
Identifiable intangible assets		3,888			1,000		285
Deferred tax liabilities		(195	)		(170	)		(68	)
		3,587			1,682			218
Noncontrolling interests and mezzanine equity		(3,310	)		(1,884	)		(38	)
Net identifiable assets (liabilities)		277			(202	)		180
Goodwill		4,105			3,283		583
Total purchase consideration		4,382			3,081			763
Fair value of previously held equity interests		(2,434	)		(31	)		—
Purchase consideration settled		(1,794	)		(2,671	)		(481	)
Deferred consideration as of year end		154			379			282

Total purchase consideration is comprised of:
- cash consideration		875			3,050			763
- non-cash consideration		1,073			—			—
- fair value of previously held equity interests		2,434			31			—
		4,382			3,081			763