2005 Annual report - Virbac

89
Transition to IFRS
LIABILITIES AND SHAREHOLDERS’ EQUITY
2004 Impacts IFRS 2004
(€ thousands) FR GAAP Reclassifications Restatements IFRS
SHARE CAPITAL AND RESERVES
Share capital 10,893 10,893
Share premium 6,534 6,534
Reserves and profit for the year 100,913 4,097 105,010 Impact of IFRS restatements on shareholders’
equity
Shareholders’ equity – Group share 118,340 0 4,097 122,437
Minority interests 8,406 327 8,733 Impact of IFRS restatement on minority interests
Shareholders’ equity and
minority interests 126,746 0 4,424 131,170
NON-CURRENT LIABILITIES
Deferred tax liabilities 7,401 2,530 9,931 IAS 12: deferred tax on IFRS restatements
Provisions for employee benefits 0 4,706 4,706 Reclassification of liabilities as current
and non-current
Other long-term provisions 5,762 -5,648 114 Reclassification of liabilities as current
and non-current
Financial liabilities due over one year 49,897 -6,292 2,306 45,911 Impact of application of IAS 17
Recognition of a liability in respect of finance
lease contracts
Other payables due in more than one year 0 10,335 10,335 Reclassification of liabilities as current
and non-current
Derivatives due in more than one year 0 92 92 Impact of application of IAS 32 and IAS 39
63,060 3,101 4,928 71,089
CURRENT LIABILITIES
Provisions due within one year 0 942 942 Reclassification of liabilities as current
and non-current
Trade payables 37,869 -868 542 37,543 Impact of IAS 2
Tax payable 0 4,092 4,092 Presentation reclassification
Financial liabilities due within 0 6,257 6,257 Reclassification of liabilities as current
one year
and non-current
Other payables due within one year 43,219 -253 42,966 Presentation reclassification
Derivatives, due within one year 0 0 74 74 Impact of application of IAS 32 and IAS 39
81,088 10,170 616 91,874
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY 270,894 13,271 9,968 294,133