Home › Financial Statements › Notes to and forming part of the Financial Statements: Note 2. The impact of the transition to AEIFRS from previous AGAAP
Notes to and forming part of the Financial Statements
For the year ended 30 June 2006
In this section:
- Note 1: Summary of Significant Accounting Policies
- Note 2: The impact of the transition to AEIFRS from previous AGAAP
- Note 3: Economic Dependency
- Note 4: Events Occuring After Reporting Date
- Note 5: Income
- Note 6: Operating Expenses
- Note 7: Financial Assets
- Note 8: Non-Financial Assets
- Note 9: Provisions
- Note 10: Payables
- Note 11: Cash Flow Reconciliation
- Note 12: Director Remuneration
- Note 13: Related Party Disclosures
- Note 14: Executive Remuneration
- Note 15: Remuneration of Auditors
- Note 16: Average Staffing Levels
- Note 17: Financial Instruments
- Note 18: Reporting of Outcomes
- Note 19: Joint Venture
Note 2: The impact of the transition to AEIFRS from previous AGAAP
| 2005 | 2004 | |
|---|---|---|
| $'000 | $'000 | |
| Total equity under previous AGAAP | 93,999 | 102,489 |
| Adjustments to retained earnings | - | - |
| Adjustments to other reserves | - | - |
| Total equity translated to AEIFRS | 93,999 | 102,489 |
| Prior year profit as previously reported | (9,527) |
| Adjustments: | |
| - | - |
| Prior year profit translated to AEIFRS | (9,527) |
The cash flow statement presented under previous AGAAP is equivalent to that prepared under AEIFRS.
The Corporation has not restated comparatives for financial instruments. The adjustments between AEIFRS and the previous GAAP have been taken up at 1 July 2005.