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 31 st March 2009<br />
Sub-note UK GAAP Transition adjustment IFRS<br />
Assets £’000 £’000 £’000<br />
Non-current assets<br />
Property, plant and equipment 1,791 1,791<br />
Retirement benefit assets 422 422<br />
Total non-current assets 2,213 2,213<br />
Current assets<br />
Inventories 1,921 1,921<br />
Trade and other receivables 7,968 7,968<br />
Cash and cash equivalents 1,089 1,089<br />
Total current assets 10,978 10,978<br />
Total assets 13,191 13,191<br />
Liabilities<br />
Non-current liabilities<br />
Retirement benefit liabilities (292) (292)<br />
Total non-current liabilities (292) (292)<br />
Current liabilities<br />
Trade and other payables a, b (9,208) 820 (8,388)<br />
Derivative financial liability c (95) (95)<br />
Provisions b (1,155) (1,155)<br />
Total current liabilities (9,208) (430) (9,638)<br />
Total liabilities (9,500) (430) (9,930)<br />
Total Net Assets 3,691 (430) 3,261<br />
Reserves<br />
Income and Expenditure reserve a, b, c 3,543 (929) 2,614<br />
Pension deficit d (499) 499<br />
Revaluation reserve 647 647<br />
Total reserves 3,691 (430) 3,261<br />
78