Brambles 2006 Annual Report - Alle jaarverslagen

144
Brambles
2006 Annual Report
NOTES TO AND FORMING PART OF
THE CONSOLIDATED FINANCIAL STATEMENTS continued
for the year ended 30 June 2006
Note 37.
Events after balance sheet date
On 5 July 2006, the US$1,341.6 million receivable shown in the 30 June 2006 balance sheet in respect of business disposals was settled
in cash. Other than this, there have been no events that have occurred subsequent to 30 June 2006 that have had a material impact on
Brambles’ financial performance, position or cash flows.
Note 38.
Explanation of the impact of transition from UK GAAP to IFRS
A summary of the effect of the adoption of IFRS on equity and on profit for the period, compared to that previously reported under UK
GAAP, is set out below.
Note
30 June
2005
£m
Equity as reported under UK GAAP 1,246.0 1,117.0
Goodwill d 81.0 54.0
Dividend provision g 83.0 65.0
Retirement benefit obligations h (73.9) (69.1)
Share-based payments i (2.0) (1.0)
Foreign currency translation reserve j (0.6) –
Straight-line lease amortisation k (1.8) (1.9)
Other l (1.9) (5.7)
1 July
2004
£m
83.8 41.3
Equity as reported under IFRS 1,329.8 1,158.3
2005
Note
£m
Profit as reported under UK GAAP 220.0
Goodwill d 29.0
Retirement benefit obligations h (3.0)
Share-based payments i (4.0)
Other l 0.3
Profit as reported under IFRS 242.3
22.3
Detailed reconciliations of the impact of the transition from UK GAAP to IFRS, together with explanatory notes, are set out in the
following tables:
• Reconciliation of equity at 1 July 2004, the date of transition to IFRS;
• Reconciliation of equity at 30 June 2005, the previous year end;
• Reconciliation of profits for the previous year ended 30 June 2005;
• Reconciliation of equity at 1 July 2005; and
• Explanatory notes.
Note 39 sets out equivalent information in relation to the transition from AGAAP to IFRS.