BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...
BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...
BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...
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VisitBritain and VisitEngland<br />
Notes forming part of the financial statements for the year ended 31 st March 2010 (Continued)<br />
33 First time adoption of International Financial Reporting Standards (IFRS) (Continued)<br />
Consolidated statement of financial position reconciliation at 1 st April 2008<br />
Sub-note UK GAAP Transition adjustment IFRS<br />
Assets £’000 £’000 £’000<br />
Non-current assets<br />
Property, plant and equipment 1,929 1,929<br />
Post employment benefit assets 460 460<br />
Total non-current assets 2,389 2,389<br />
Current assets<br />
Inventories 1,501 1,501<br />
Trade and other receivables 7,377 7,377<br />
Cash and cash equivalents 1,029 1,029<br />
Total current assets 9,907 9,907<br />
Total assets 12,296 12,296<br />
Liabilities<br />
Non-current liabilities<br />
Retirement benefit liabilities (302) (302)<br />
Total non-current liabilities (302) (302)<br />
Current liabilities<br />
Trade and other payables a,b (8,372) (85) (8,457)<br />
Other provisions b (201) (201)<br />
Total current liabilities (8,372) (286) (8,658)<br />
Total liabilities (8,674) (286) (8,960)<br />
Total Net Assets 3,622 (286) 3,336<br />
Reserves<br />
Revaluation reserve 713 713<br />
Pension deficit d (471) 471<br />
Income and expenditure reserve a,b 3,380 (757) 2,623<br />
Total reserves 3,622 (286) 3,336<br />
77
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