Annual Report and Accounts 2006 - DCC plc

112notes to the financial statements47. Reconciliations from Irish GAAP to IFRS - continued(7) Company balance sheet as at 1 April 2004 - reconciliation from Irish GAAP to IFRSEffect oftransition toIrish GAAP to IFRS IFRS1 April 2004 1 April 2004 1 April 2004€’000 €’000 €’000Fixed assetsTangible fixed assets 983 - 983Financial assets- associated undertakings 1,300 - 1,300- subsidiary undertakings 145,814 - 145,814148,097 - 148,097Current assetsDebtors 291,088 - 291,088Cash and term deposits 367 - 367291,455 - 291,455Creditors: Amounts falling due within one yearTrade and other creditors 15,669 - 15,669Proposed dividend 16,824 (16,824) -32,493 (16,824) 15,669Net current assets 258,962 16,824 275,786Total assets less current liabilities 407,059 16,824 423,883Financed by:Creditors: Amounts falling due after more than one yearAmounts owed to subsidiary undertakings 187,711 - 187,711Deferred acquisition consideration 2,016 - 2,016189,727 - 189,727Provisions for liabilities and charges 827 (827) -190,554 (827) 189,727Capital and reservesCalled up equity share capital 22,035 - 22,035Share premium account 124,438 - 124,438Other reserves 344 - 344Profit and loss 69,688 17,651 87,339Equity shareholders' funds 216,505 17,651 234,156407,059 16,824 423,883The only changes to the Company Balance Sheet relate to the exclusion of the closing dividend liability and the write offof a deferred tax liability.48. Approval of financial statementsThe financial statements were approved by the Board of Directors on 12 May 2006.