95 / 100
Impact of change in accounting policy on statement of financial position
As at 31
March 2014
(previously
reported)
$’000
Equity
accounting
for joint
ventures
$’000
As at 31
March 2014
(restated)
$’000
ASSETS
Current assets
Cash and cash equivalents
172,099
(629)
171,470
Trade and other receivables
12,684
(3,548)
9,136
Inventories
13,769
(10,702)
3,067
Biological assets – livestock
824
-
824
Advances – related parties
-
-
-
Total current assets
199,376
(14,879)
184,497
Non-current assets
Investments in joint ventures
-
22,189
22,189
Other receivables
29,871
(101)
29,770
Other financial assets
24,008
-
24,008
Intangible assets
45,339
(24,429)
20,910
Property, plant and equipment
140,187
(687)
139,500
Investment properties
564,914
-
564,914
Biological assets – forestry assets
4,733
(369)
4,364
Development properties
50,083
-
50,083
Total non-current assets
859,135
(3,397)
855,738
Total assets
1,058,511
(18,276)
1,040,235
LIABILITIES
Current liabilities
Trade and other payables
40,850
(4,444)
36,406
Interest bearing liabilities
124
(124)
-
Other financial liabilities
1,355
-
1,355
Total current liabilities
42,329
(4,568)
37,761
Non-current liabilities
Other payables
452
-
452
Interest bearing liabilities
225,130
(13,708)
211,422
Deferred tax liabilities
3,183
-
3,183
Other financial liabilities
3,693
-
3,693
Total non-current liabilities
232,458
(13,708)
218,750
Total liabilities
274,787
(18,276)
256,511
Total net assets
783,724
-
783,724
EQUITY
Reserves
13,523
-
13,523
Retained earnings
755,012
-
755,012
768,535
-
768,535
Non-controlling interest
15,189
-
15,189
Total equity
783,724
-
783,724
93
waikato-tainui
annual report 2015