Umsobomvu Youth Fund Annual Report 2006 - Nyda

notes to thefinancialstatementsfor the year ended31 March 2006COMPANYAs Effect of Effect ofpreviously error in transition Asreported estimates to IFRS restatedRand Rand Rand Rand2 Implementation of IFRS (continued)2.2 Reconciliation of reserves at 1 April 2005Balance sheet – 31 March 2005AssetsNon-current assets 58 020 544 2 307 288 3 985 705 64 313 537Property, plant and equipment 7 674 477 1 603 485 – 9 277 962Intangible assets 1 347 120 703 803 – 2 050 923Loan debtors 8 998 947 – – 8 998 947Investment in associates 40 000 000 – 3 985 705 43 985 705Current assets 851 383 397 – – 851 383 397Short-term portion of loan debtors 10 478 743 – – 10 478 743Trade and other receivables 1 502 257 – – 1 502 257Bank balance and cash 31 264 521 – – 31 264 521Cash on call 808 137 876 – – 808 137 876Total assets 909 403 941 2 307 288 3 985 705 915 696 934Reserves and liabilitiesAccumulated reserves 363 813 884 1 931 523 4 3 985 705 369 731 112Non-current liabilities 524 022 660 375 765 4 – 524 398 425Committed funds 280 306 690 – – 280 306 690Uncommitted funds – restricted 74 623 454 – – 74 623 454Uncommitted funds – unrestricted 169 092 516 375 765 – 169 468 281Deferred grant income 524 022 660 375 765 – 524 398 425Current liabilities 21 567 397 – – 21 567 397Umsobomvu Youth Fund 2006 Financial StatementsAccounts payable and accruals 12 699 520 – – 12 699 520Provisions 6 545 815 – – 6 545 815Deferred income 2 322 062 – – 2 322 062Total equity and liabilities 909 403 941 2 307 288 3 985 705 915 696 9344 This adjustment relates to previously recognised depreciation, as well as deferred grant income recognised on depreciation relating toproject costs.56