Umsobomvu Youth Fund Annual Report 2006 - Nyda

notes to thefinancialstatementsfor the year ended31 March 2006GROUPAs 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 2005 (continued)Balance sheet – 31 March 2005AssetsNon-current assets 62 978 250 2 307 288 (972 001) 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 44 957 706 – (972 001) 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 914 361 647 2 307 288 (972 001) 915 696 934Reserves and liabilitiesAccumulated reserves 368 771 590 1 931 523 (972 001) 369 731 112Non-current liabilities 524 022 660 375 765 – 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 425Umsobomvu Youth Fund 2006 Financial StatementsCurrent liabilities 21 567 397 – – 21 567 397Accounts 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 914 361 647 2 307 288 (972 001) 915 696 93458