44 Annual Report
25 Explanation of transition to NZ IFRS
The following table shows the changes in equity resulting from the transition
from NZ GAAP to NZ IFRS as at 1 July 2006 and 30 June 2007.
P revious
n Z
gaa
P
e FF
e CT
o F
T ransi
T ion
T o
n Z
n Z
i
F rs
P revious
n Z
gaa
P
e FF
e CT
o F
T ransi
T ion
T o
n Z
i
F rs
n Z
i
F rs
Note
1 July 2006
30 June 2007
$
$
$
$
$
$
C urren
T
asse
T s
a
Cash and cash
equivalents
4,378
633,258
637,636
12,277
1,538,422
400,699
a
Call deposit
333,258
(333,258)
0
88,422
(88,422)
0
a
Short term
investments
300,000
(300,000)
0
1,450,000
(1,450,000)
1,150,000
b
Debtors and
other receivables
25,040
0
25,040
241,292
(52,281)
189,011
Assets held
for sale
0
0
0
11,900
0
11,900
b
Prepayments
0
0
0
0
52,281
52,281
Total current
assets
662,676
0
662,676
1,803,891
0
1,803,891
non
C urren
T
asse
T s
c
Property, plant
& equipment
563,107
(40,872)
522,235
1,191,911
(35,769)
1,156,142
c
Intangible assets
0
40,872
40,872
0
35,769
35,769
Total non
current assets
563,107
0
563,107
1,191,911
0
1,191,911
Total assets
1,225,783
0
1,225,783
2,995,802
0
2,995,802
L ia
B i
L i
T ies
Current
liabilities
d, e
Payables
302,938
(60,861)
242,077
787,304
(197,909)
589,395
Finance leases
11,640
0
11,640
7,105
0
7,105
d, e
Employee
entitlements
0
69,537
69,537
0
207,130
207,130
NZAID
44,448
0
44,448
0
0
0
Total current
liabilities
359,026
8,676
367,702
794,409
9,221
803,630