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99GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 201528. Business combination (continued)As at 31 December 2015, cash held in escrow was US$600,000. This represents contingent consideration payable to the seller by 30 April 2016 if no unexpected or undisclosed liabilities arise and if the radio license is renewed.The Group negotiated consideration for the Company that was lower than the fair value of the net assets acquired resulting in negative goodwill of $543,800 in the transaction. The resulting negative goodwill is recognised as income in the Consolidated Statement of Comprehensive Income for the year. The following is the revenue and total comprehensive income generated by iRadio Inc. for the year 2015:From Fromacquisition 1 Januarydate 2015$%u2019000 $%u2019000 Revenue 190 615Total comprehensive loss (122) (648)(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)