2005 Annual report - Virbac

88
Transition to IFRS
Consolidated balance sheet (restated) at 31 December 2004
ASSETS
2004 Impact of IFRS 2004
(€ thousands) FR GAAP Reclassifications Restatements IFRS
NON-CURRENT ASSETS
Goodwill 29,616 321 1,538 31,475 Impact of application of IFRS 3
Business goodwill reclassified within goodwill
arising on consolidation
Goodwill no longer amortised
Intangible assets 50,508 -321 -708 49,479 Impact of application of IAS 38
Intangible assets with indefinite useful lives
no longer amortised
Capitalisation of costs of certain projects
previously expensed
Expensing, rather than capitalising, of expenses
on internally-generated trademarks
Property, plant and equipment 56,994 9,258 66,252 Impact of application of IAS 16 and IAS 17
Revision of depreciation periods
of property, plant and equipment combined
with the component approach
Restatement of finance lease contracts
Financial assets 1,265 -155 1,110 Impact of application of IAS 32 and IAS 39
Derivatives due in more than 0 1,064 1,064 Impact of application of IAS 32 and IAS 39
one year
Deferred tax assets 5,080 1,165 6,245 IAS 12: Deferred tax on IFRS restatements
Cash subject to restrictions 0 155 155 Reclassification of blocked accounts
143,463 155 12,162 155,780
CURRENT ASSETS
Inventories and work-in-progress 53,603 654 54,257 Combined impact of application
of IAS 2 and IAS 18
Trade receivables 45,609 13,243 -1,523 57,329 Impact of application of IAS 18
Reclassification as liabilities of outstanding
credit notes
Derivatives, due within one year 0 66 66 Impact of application of IAS 32 and IAS 39
Other receivables 13,546 28 -1,354 12,220 Cancellation of deferred charges
Cash and cash equivalents 14,673 -155 -37 14,481 Impact of application of IAS 32 and IAS 39
127,431 13,116 -2,194 138,353
TOTAL ASSETS 270,894 13,271 9,968 294,133