GrainCrop Group acquired two businesses – Gardner Smith and Integro Foods – on 2 October 2012 (See Note 32 to 2013 Financial Statements). Please refer to the 2013 annual report of GrainCorp Limited and answer the following questions:

What rationale did the GrainCorp Group provide for the acquisition of these two businesses in 2012?

What is the impact of these acquisitions on the financial performance of the Group during the year ended September 30 2013? Show all calculations.

What percentages of consideration transferred did the Group allocate to goodwill and identifiable intangibles arising from each of these two acquisitions?

What were the identifiable intangible assets and how much of each of these identifiable intangible assets did the Group recognize from these two acquisitions?

How will these different percentages of consideration allocated to goodwill and identifiable intangibles impact the Group’s financial performance and the Group’s managers’ wealth? Quantify the impacts as much as possible.

What are the sources of goodwill recognized in these acquisitions?