Annual Report 2009 -2010 - Belfast Health and Social Care Trust

Reconciliation of UK GAAP reported Reserves to IFRS at the end of the final UK GAAPreporting period 31 March 2009General Revaluation Donated AssetFund Reserve Reserve£000 £000 £000Reserves at 31 March 2009under UK GAAP 848,018 56,444 40,430Change in accounting policy – GIA (31,456) 0 0Restated balance at 31 March 2009 816,562 56,444 40,430IAS 16 Property, plant & equipment (1,793) 0 0IAS 17 Leases 0 0 0IAS 17 Leases liabilities 0 0 0IAS 19 Employee benefits (11,564) 0 0IAS 38 Intangible assets 0 0 0IFRS 5 Non Current assets held for sale 1,793 0 0IFRIC 12 Service Concession Arrangements 4,033 2,164 0Reserves at 1 April 2009 under IFRS 809,031 58,608 40,430These adjustments include the cumulative effect of any prior year adjustments.Reconciliation of UK GAAP reported Net expenditure to IFRS for the year ended 31 March2009£000Net Expenditure for 2008-09 under UK GAAP (1,078,666)Change in accounting policy – GIA (15,000)Restated Net Expenditure for 2008-09 (1,094,166)IAS 16 Property, plant & equipment 0IAS 17 Leases 0IAS 19 Employee benefits 2,018IAS 38 Intangible assets 0IFRS 5 Non Current assets held for sale 0IFRIC 12 Service Concession Arrangements 1,328Net Expenditure for 2008-09 under IFRS (1,090,820)In addition to the cash balances of £1,652k reported under GAAP at 31 March 2009, the Trust heldcash equivalents of £9,170k. These were reported under UK GAAP as short term investments.29