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29. Disposal of subsidiaries and businesses

2019

Disposal of National Assets

On 11 September 2018, AGL completed the divestment of its portfolio of small generation and compressed natural gas refuelling assets, National Assets, for consideration of $136 million.

2018

Disposal of Active Stream Pty Limited

On 30 November 2017, AGL completed the divestment of 100% of the shares in its digital metering subsidiary, Active Stream Pty Limited, and associated metering assets, for consideration of $165 million.

The major classes of assets and liabilities disposed were as follows:

2019
$m

2018
$m

Assets

Trade and other receivables

41

1

Prepayments

1

-

Inventories

-

18

Property, plant and equipment

33

115

Other assets

2

-

Liabilities

Trade and other payables

-

(4)

Net assets disposed

77

130

Consideration

Consideration received in cash

136

165

Costs directly attributable to the disposal

(7)

(5)

Liability assumed

-

(5)

129

155

Gain on disposal of subsidiaries and businesses

Consideration

129

155

Net assets disposed

(77)

(130)

52

25

Net cash inflow on disposal of subsidiaries and businesses

Consideration received in cash

136

165

Costs directly attributable to the disposal paid

(7)

(5)

129

160

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