2005 Annual report - Virbac

87
Transition to IFRS
Consolidated balance sheet (restated) at 31 December 2003
2003 2003
(€ thousands) FR GAAP Reclassifications Restatements IFRS
NON-CURRENT ASSETS
Goodwill 28,983 -380 28,603 Impact of application of IFRS 3
Intangible assets 39,646 -743 38,903 Impact of application of IAS 38
Property, plant and equipment 56,508 8,463 64,971 Impact of application of IAS 16 and IAS 17
Financial assets 2,221 2,221
Deferred tax assets 10,014 1,231 11,245 IAS 12: deferred tax on IFRS restatements
137,372 0 8,571 145,943
CURRENT ASSETS
Inventories and work-in-progress 63,086 714 228 64,028 Combined impact of application of
IAS 2 and IAS 18
Trade receivables 49,825 13,049 -1,679 61,195 Impact of application of IAS 18
Other receivables 18,318 -953 -372 16,993 Reclassification of deferred charges to past service
costs and cancellation of other deferred charges
Cash and cash equivalents 16,712 -6,589 10,123 Treasury shares
147,941 12 ,870 -8,412 152,339
TOTAL ASSETS 285,313 12,810 159 298,282
SHARE CAPITAL AND RESERVES
Shareholders’ equity – Group share 118,543 -7,574 110,969
Minority interests 10,542 -1,808 8,734 Impact on minority interests of IFRS restatements
Shareholders’ equity and
minority interests 129,085 0 -9,382 119,703
NON-CURRENT LIABILITIES
Deferred tax liabilities 7,857 2,379 10,236 IAS 12: deferred tax on IFRS restatements
Long-term provisions 6,431 -953 5,478 Reclassification of deferred charges to
past service costs (IAS 19)
Financial liabilities due over 61,087 -8,551 2,114 54,650 Impact of application of IAS 17
one year
75,375 -9,504 4,493 70,364
CURRENT LIABILITIES
Trade payables 38,932 714 39,646 Impact of application of IAS 18
Financial liabilities due within 0 8,551 560 9,111 Reclassification of liabilities as current
one year
and non-current
Other payables due within
one year 41,921 13,049 54,970 Impact of application of IAS 18
80,853 22,314 560 103,727
Correction of 2004 errors 0 0 4,488 4,488 Corresponding entry in the balance sheet of
corrections of errors noted in 2004
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY 285,313 12,810 159 298,282