This is an HTML version of an attachment to the Official Information request 'Careers NZ purchase of Oompher'.
Appendix A.   
Financial Disclosure in Careers New Zealand Annual Report 2014/15  
Note 23: Business combination 
On 30 June 2015 Careers New Zealand acquired full ownership of the business OOMPHER.    
OOMPHER is a motivational website containing video interviews with high profile and 
successful New Zealanders.   
Under the purchase agreement videos, the goodwill of the business including business 
contracts, trademarks, trade names, brands, logos and other intellectual property were 
Details of the business combination are as follows: 
Amount settled in cash as at acquisition date  
Contingent liability 
Contingent asset 
Total contingent consideration (note 11)   
Recognised amount of identified assets: 
Intangible assets (note 10) 
Bargain purchase gain (note 3) 
The intangible assets consist of the videos fair valued at acquisition date.   The fair value 
was determined by current market value to produce equivalent videos.  A nil fair value was 
assigned to the purchase of the goodwill of the business including the business contracts, 
trademarks, brands, logos and other IP due to the associated uncertainties.  
The contingent consideration is determined by all conditions of the sales and purchase 
agreement.  All contingent consideration conditions have been met as at 31 August 2015.   
The total net cash outflow of the consideration is $130,000.