Report & Accounts - JLT

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35. Restatement as at 31st December 2004 cont.AccountingAs previously Presentational policyNotes reported reclassifications changes RestatedCONSOLIDATED BALANCE SHEET £’000 £’000 £’000 £’000 £’000NET OPERATING ASSETSNon current assetsGoodwill (d) 157,615 (3,913) 6,399 160,101Intangible assets (d) - 17,371 (180) 17,191Property, plant and equipment 32,458 (4,069) - 28,389Investments in associates (e) 2,367 (17,532) 19,947 4,782Available for sale financial assets 879 7,444 - 8,323Employee benefit trust 2,566 - - 2,566Deferred tax assets - 52,703 8,395 61,098195,885 52,004 34,561 282,450Current assetsDebtors 1,727,509 (1,727,509) - -Trade and other receivables (f) - 1,713,197 (1,568,784) 144,413Investments and deposits 228,815 (228,815) - -Cash 104,180 (104,180) - -Available-for-sale financial assets - 43,748 - 43,748Cash and cash equivalents - 281,803 - 281,8032,060,504 (21,756) (1,568,784) 469,964Current liabilitiesCreditors - amounts due within one year (2,043,023) 2,043,023 - -Borrowings - (26,132) - (26,132)Trade and other payables (c),(f) - (2,008,274) 1,592,953 (415,321)Current tax liabilities - (8,617) (707) (9,324)Provisions for liabilities and charges - (35,821) - (35,821)(2,043,023) (35,821) 1,592,246 (486,598)Net current assets 17,481 (57,577) 23,462 (16,634)Non current liabilitiesInvestments in associates undertakings (17,532) 17,532 - -Borrowings (751) - - (751)Deferred tax liabilities - (1,451) (7,273) (8,724)Retirement benefit obligations (73,233) (47,780) - (121,013)Provisions for liabilities and charges (58,481) 37,272 - (21,209)(149,997) 5,573 (7,273) (149,261)63,369 - 50,750 114,119TOTAL EQUITYCapital and reserves attributable to the Company's equity holdersOrdinary shares 10,100 - - 10,100Share premium 33,628 - - 33,628Fair value & exchange reserves - (6,617) - (6,617)Retained earnings 8,737 6,617 50,763 66,117Shareholders’ funds 52,465 - 50,763 103,228Minority interest (b) 10,904 - (13) 10,891Total equity 63,369 - 50,750 114,119Financial Statements Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005101
Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 2005102Jardine Lloyd Thompson Group plc Annual Report & Accounts 200535. Restatement as at 31st December 2004 cont.AccountingPresentational policyreclassifications changesCONSOLIDATED BALANCE SHEET : ADJUSTMENT ANALYSIS £’000 £’000Goodwill reclassification to "other intangible assets" (3,913) -impairment charge re JLT re Solutions - (1,134)reverse 2004 amortisation - 7,548reverse impairment re IISI - sold in year - (15)(3,913) 6,399Intangible assets reclassification from "debtors" 9,389 -reclassification from "goodwill" 3,913 -reclassification from "property, plant and equipment" 4,069 -amortisation of acquired intangible assets - (180)17,371 (180)Property, plant and equipment reclassification to "intangible assets" (4,069) -Investments accounted for using equity method reclassification from negative "investment in associated undertakings" (17,532) -reverse " distribution" effect of 2003 investment restructuring - 19,947(17,532) 19,947Available-for-sale financial assets (non-current) reclassification from "investments & deposits" 7,444 -Deferred tax assets reclassification from "debtors" 4,923 -reclassification from "retirement benefit obligations" 47,780 -additional "grossing up" adjustment - 8,39552,703 8,395Debtors reclassification to "trade debtors and receivables" (1,713,197) -reclassification to "intangible assets" (9,389) -reclassification to " deferred tax asset" (4,923) -(1,727,509) -Trade and other receivables reclassification from "debtors" 1,713,197 -eliminate IBA debtors re premiums receivable - (1,568,784)1,713,197 (1,568,784)Investments and deposits reclassification to "available-for-sale financial assets - non current" (7,444) -reclassification to "available-for-sale financial assets - current" (43,748) -reclassification to "cash and cash equivalents" (177,623) -(228,815) -Cash reclassification to "cash and cash equivalents" (104,180) -Available-for-sale financial assets (current) reclassification from "investments & deposits" 43,748 -Cash and cash equivalents reclassification from "investments & deposits" 177,623 -reclassification from "cash" 104,180 -281,803 -Creditors - amounts due within one year reclassification to "borrowings (current)" 26,132 -reclassification to "trade and other payables" 2,008,274 -reclassification to "current tax liabilities" 8,617 -2,043,023 -Borrowings reclassification from "Creditors - amounts due within one year" (26,132) -Trade and other payables reclassification from "Creditors - amounts due within one year" (2,008,274) -eliminate liability re equity settled remuneration (IISI) - 8eliminate IBA creditors re premiums payable - 1,568,784reverse undeclared final dividend - 24,161(2,008,274) 1,592,953Current tax liabilities reclassification from "Creditors - amounts due within one year" (8,617) -net tax impact of accounting policy changes - (707)(8,617) (707)Provisions for liabilities and charges - current reclassification from "provision for liabilities and charges - non current" (35,821) -Investments in associates undertakings reclassification to "investments accounted for using equity method" 17,532 -Deferred tax liabilities reclassification from "provisions for liabilities and charges" (1,451) -additional "grossing up" adjustment - (8,395)net tax impact of accounting policy changes - 1,122(1,451) (7,273)Retirement benefit obligations reclassification to "deferred tax assets" (47,780) -Provisions for liabilities and charges - non current reclassification to "deferred tax liabilities" 1,451 -reclassification to "provision for liabilities and charges - current" 35,821 -37,272 -Exchange reserves reclassification from "retained earnings" (6,617) -Retained Earnings reclassification to "fair value & Exchange reserves" 6,617 -net impact of accounting policy changes above - 50,7636,617 50,763Minority interests MI share of equity settled remuneration - (14)MI share of tax effect accounting policy changes - 1- (13)
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Jardine Lloyd Thompson Group plcAnn
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Chairman’s StatementChairman’s
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Chairman’s StatementChairman’s
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Chief Executive’s StatementChief
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Operational ReviewOperational Revie
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Financial ReviewFinancial Review16B
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Financial ReviewFinancial ReviewCas
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DirectorsDirectors221 2 34 5 6Jardi
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Directors’ ReportDirectors’ Rep
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Remuneration ReportRemuneration Rep
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Group Financial StatementsGroup Fin
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Financial StatementsConsolidated In
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