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 (continued)(b) At the end of the last reporting period under previous AGAAP: 31 December 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 31,154 200 31,354 30,947 200 31,147Receivables G 31,701 6,013 37,714 31,545 6,013 37,558Inventories 627 - 627 627 - 627Non-current assets classified asheld for sale – restricted A - 10,000 10,000 - 10,000 10,000Total current assets 63,482 16,213 79,695 63,119 16,213 79,332Non-current assetsReceivables 557 - 557 557 - 557Investment properties – restricted B 131,704 (98,384) 33,320 131,704 (98,384) 33,320Other financial assets – restricted 285,195 - 285,195 285,195 - 285,195Other financial assets – unrestricted H 122,755 (200) 122,555 131,712 (200) 131,512Investments accounted for usingthe equity method 3,913 - 3,913 - - -Property, plant and equipment –restricted C - 171,599 171,599 - 171,599 171,599Property, plant and equipment –unrestricted C 702,955 65 703,020 702,955 65 703,020Intangible assets 7,306 - 7,306 7,306 - 7,306Total non-current assets 1,254,385 73,080 1,327,465 1,259,429 73,080 1,332,509Total assets 1,317,867 89,293 1,407,160 1,322,548 89,293 1,411,841Current liabilitiesPayables D 18,444 83 18,527 18,356 83 18,439Other financial liabilities 9,737 - 9,737 9,737 - 9,737Provisions D 32,500 4,470 36,970 32,488 4,470 36,958Deferred revenue G 18,724 32,892 51,616 18,636 32,892 51,528Total current liabilities 79,405 37,445 116,850 79,217 37,445 116,662Non-current liabilitiesProvisions D 29,654 199 29,853 29,654 199 29,853Total non-current liabilities 29,654 199 29,853 29,654 199 29,853Total liabilities 109,059 37,644 146,703 108,871 37,644 146,515Net assets 1,208,808 51,649 1,260,457 1,213,677 51,649 1,265,326EquityReserves I 121,700 (52,423) 69,277 121,700 (52,423) 69,277Retained profits J 1,087,108 104,072 1,191,180 1,091,977 104,072 1,196,049Total equity 1,208,808 51,649 1,260,457 1,213,677 51,649 1,265,32672