BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

VisitBritain and VisitEngland
Notes forming part of the financial statements for the year ended 31 st March 2010 (Continued)
33 First time adoption of International Financial Reporting Standards (IFRS) (Continued)
Statement of comprehensive income and expenditure reconciliation for the year ended 31 st March 2009
Sub-note UK GAAP Transition
adjustment
IFRS
£’000 £’000 £’000
Revenue 23,889 23,889
Gross expenditure (70,482) (144) (70,626)
Exceptional reorganisation costs (3,710) (3,710)
Operating deficit a, c (50,303) (144) (50,447)
Finance income 367 367
Deficit before taxation
Taxation expense
(49,936) (144) (50,080)
Deficit for the year (49,936) (144) (50,080)
VisitBritain statement of income and expenditure reconciliation for the year ended 31 st March 2009
Sub-note UK GAAP Transition
adjustment
IFRS
£’000 £’000 £’000
Revenue 23,326 23,326
Gross expenditure (69,934) (144) (70,078)
Exceptional reorganisation costs (3,710) (3,710)
Loss from operations a, c (50,318) (144) (50,462)
Finance income
Finance expense
367 367
Deficit before taxation
Taxation expense
(49,951) (144) (50,095)
Deficit for the year (49,951) (144) (50,095)
76