Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
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Notes to the Consolidated Financial Statements<br />
continued<br />
23(b) RECONCILIATIONS OF PREVIOUSLY REPORTED UK GAAP TO IFRS<br />
Effect on Group balance sheet as at 1 October 2004<br />
The effect of the changes to the Group’s accounting policies on the equity of the Group at 30 September 2004 was as follows:<br />
Impact of Transition to IFRS<br />
Under UK<br />
Accounting Development Computer Significant Government Share Holiday IFRS<br />
St<strong>and</strong>ards Expenditure Software Parts Grant Option NI Pay Accrual GAAP<br />
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000<br />
Non-current assets<br />
Property, plant <strong>and</strong> equipment 44,417 – (764) 2,324 – – – 45,977<br />
Intangible assets – 2,485 764 – – – – 3,249<br />
Total non-current assets 44,417 2,485 – 2,324 – – – 49,226<br />
Current assets<br />
Inventories 4,720 – – (2,324) – – – 2,396<br />
Trade <strong>and</strong> other receivables 3,825 – – – – – – 3,825<br />
Corporation tax recoverable – – – – – – – –<br />
Cash <strong>and</strong> cash equivalents 6,109 – – – – – – 6,109<br />
Total current assets 14,654 – – (2,324) – – – 12,330<br />
Current liabilities<br />
Trade <strong>and</strong> other payables (7,931) – – – – – (129) (8,060)<br />
Government grants – – – – – – – –<br />
Provisions – – – – – – – –<br />
Financial liabilities – – – – – – – –<br />
Total current liabilities (7,931) – – – – – (129) (8,060)<br />
Total assets less current liabilities 51,140 2,485 – – – – (129) 53,496<br />
Non-current liabilities<br />
Financial liabilities (72,056) – – – – – – (72,056)<br />
Provisions – – – – – (558) – (558)<br />
Government grants – – – – (626) – – (626)<br />
Total non-current liabilities (72,056) – – (626) (558) – (73,240)<br />
Net liabilities (20,916) 2,485 – – (626) (558) (129) (19,744)<br />
Equity <strong>and</strong> liabilities<br />
Equity attributable to equity holders of the parent<br />
Issued capital 1,663 – – – – – – 1,663<br />
Share premium 52,417 – – – – – – 52,417<br />
Retained earnings (75,682) 2,485 – – (626) (558) (129) (74,510)<br />
Other reserves 686 – – – – – – 686<br />
(20,916) 2,485 – – (626) (558) (129) (19,744)<br />
<strong>Optos</strong> plc <strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2006</strong> 61