The fair value of the identifiable assets and liabilities of the American Pride Acquisition as at the date of acquisition  based on a provisional  assessment  were: Accounts receivable upon close of the acquisition were collected on account of the seller  which totaled $15.5 million. As at year-end   accounts receivable have increased as result of the acquisition by $18.4 million  where $14.2 million relates to trade receivables  and  $4.2 million relates to a receivable from American Seafoods Group for a proposed working capital adjustment. The net assets recognized in the December 28  2013 financial statements are based on a provisional assessment of fair value as the  Company has sought an independent valuation for the purchase price allocation. The results of the valuation have not been finalized as at  the date these financial statements were approved for issue by management  and as a result  the financial information disclosed is based on  management’s best estimate and are disclosed on a provisional basis. Provisional fair value  recognized on  (Amounts in $000s) acquisition Assets Property  plant and equipment  (note 6) $ 10 280 Prepaid expenses 661 Inventories 33 665 44 606 Liabilities Accounts payable and accruals (9 094) Above market lease (5 200) (14 294) Total identifiable net assets at fair value and purchase consideration recorded $ 30 312 Agreed upon purchase price based on average working capital $ 34 500 Net post closing working capital adjustments  (4 195) Cash acquired 7 Net purchase consideration recorded $ 30 312 ANNUAL REPORT 2013 71