ANNUAL REPORT 2004–05 - V/Line

Table 1: Reconciliation of net result as presented under Australian GAAP and that under A-IFRSNoteYear ended 30 June 2005 ($'000)Net result as reported under Australian GAAP (650)Estimated A-IFRS impact on revenueRevenue itemsEstimated A-IFRS impact on expensesEmployee benefits (89)Total estimated A-IFRS impact on net result (89)Net result under A-IFRS (561)Table 2: Reconciliation of total assets and total liabilities as presented under Australian GAAP and that under A-IFRSNote30 June 2005 ($'000)Total assets under Australian GAAP 183,483Estimated A-IFRS impact on assetsInventoriesInventories held for distributionProperty, plant and equipmentIntangible assetsInvestment propertiesNon-current assets held for saleOther differences [describe]Total estimated A-IFRS impact on assetsTotal assets under A-IFRS 183,483Total liabilities under Australian GAAP 57,996Estimated A-IFRS impact on liabilitiesProvisions 89Total estimated A-IFRS impact on liabilities 89Total liabilities under A-IFRS 57,907Table 3: Reconciliation of equity as presented under Australian GAAP and that under A-IFRSNote30 June 2005 ($'000)Total equity under Australian GAAP 125,487Estimated A-IFRS impact on equityContributed capitalReservesAccumulated fundTotal estimated A-IFRS impact on equity -Total equity under A-IFRS 125,48768| V/LINE ANNUAL REPORT 2004-05