Annual Report 2005 - Publications Unit - The University of Western ...

THE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 200547. Explanation of transition to Australian equivalents to International Financial Reporting Standards(1) Reconciliation of equity reported under previous Australian Generally Accepted Accounting Principles (AGAAP) to equity under Australianequivalents to International Financial Reporting Standards (AIFRS)(a) At the date of transition: 1 January 2004ConsolidatedUniversityPrevious Adjustments Restated Previous Adjustments RestatedAGAAP for AIFRS for AIFRS AGAAP for AIFRS for AIFRSNotes $'000 $'000 $'000 $'000 $'000 $'000Current assetsCash and cash equivalents H 53,930 190 54,120 53,406 190 53,596Receivables G 24,437 4,010 28,447 24,039 4,010 28,049Inventories 518 - 518 461 - 461Non-current assets classified asheld for sale – restricted A - 24,700 24,700 - 24,700 24,700Total current assets 78,885 28,900 107,785 77,906 28,900 106,806Non-current assetsReceivables 404 - 404 404 - 404Investment properties – restricted B 156,221 (105,061) 51,160 156,221 (105,061) 51,160Other financial assets – restricted 233,823 - 233,823 233,823 - 233,823Other financial assets – unrestricted H 141,353 (190) 141,163 149,687 (190) 149,497Investments accounted for usingthe equity method - - - - - -Property, plant and equipment –restricted C - 170,917 170,917 - 170,917 170,917Property, plant and equipment –unrestricted C 631,658 21,718 653,376 631,106 21,718 652,824Intangible assets 8,072 - 8,072 2,282 - 2,282Total non-current assets 1,171,531 87,384 1,258,915 1,173,523 87,384 1,260,907Total assets 1,250,416 116,284 1,366,700 1,251,429 116,284 1,367,713Current liabilitiesPayables 13,710 - 13,710 13,278 - 13,278Other financial liabilities F 7,285 1,913 9,198 7,196 1,913 9,109Provisions 25,834 - 25,834 25,804 - 25,804Deferred revenue G 23,433 28,641 52,074 23,342 28,641 51,983Total current liabilities 70,262 30,554 100,816 69,620 30,554 100,174Non-current liabilitiesFinancial liabilities 2,076 - 2,076 9 - 9Provisions D 27,884 (67) 27,817 27,884 (67) 27,817Total non-current liabilities 29,960 (67) 29,893 27,893 (67) 27,826Total liabilities 100,222 30,487 130,709 97,513 30,487 128,000Net assets 1,150,194 85,797 1,235,991 1,153,916 85,797 1,239,713EquityReserves I 80,982 (31,064) 49,918 80,982 (31,064) 49,918Retained profits J 1,067,154 116,861 1,184,015 1,072,934 116,861 1,189,795Minority interest 2,058 - 2,058 - - -Total equity 1,150,194 85,797 1,235,991 1,153,916 85,797 1,239,71371