Q1 Financial Report - 2011
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Ag Growth International Inc.<br />
NOTES TO UNAUDITED INTERIM CONSOLIDATED<br />
FINANCIAL STATEMENTS<br />
[in thousands of Canadian dollars, except where otherwise noted and per share data]<br />
March 31, <strong>2011</strong><br />
The following is a reconciliation of the Company's consolidated statement of financial position<br />
reported in accordance with Canadian GAAP to its consolidated statement of financial position<br />
reported in accordance with IFRS at March 31, 2010:<br />
Note<br />
Canadian<br />
GAAP Adjustments IFRS<br />
$ $ $<br />
ASSETS<br />
Current assets<br />
Cash and cash equivalents 88,435 — 88,435<br />
Accounts receivable 34,818 — 34,818<br />
Inventory 7 42,415 379 42,794<br />
Prepaid expenses and other assets 2 2,413 (374) 2,039<br />
Income taxes recoverable 543 — 543<br />
Derivative instruments 9,266 — 9,266<br />
Future income taxes 9 9,919 (9,919) —<br />
187,809 (9,914) 177,895<br />
Non-current assets<br />
Property, plant and equipment, net 8 32,413 10,147 42,560<br />
Goodwill 51,758 — 51,758<br />
Intangible assets, net 67,273 — 67,273<br />
Available-for-sale investment 2,000 — 2,000<br />
Derivative instruments 2,378 — 2,378<br />
Deferred tax asset 6b, 8, 9 39,305 5,113 44,418<br />
195,127 15,260 210,387<br />
Total assets 382,936 5,346 388,282<br />
130
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