Impact of adoption of IFRS
as at 30 September 2005
| UK GAAP | IFRS ADJUSTMENTS | IFRS | |||||
| Pension | Goodwill | Dividend | Taxation | Other reclassification |
|||
| £m | £m | £m | £m | £m | £m | £m | |
| Non-current assets | |||||||
| Goodwill | 23.3 | - | 1.3 | - | - | - | 24.6 |
| Other intangible assets | - | - | - | - | - | 0.6 | 0.6 |
| Property, plant and equipment | 10.4 | - | - | - | - | (0.6) | 9.8 |
| Deferred tax assets | - | 1.1 | - | - | 1.4 | 0.6 | 3.1 |
| 33.7 | 1.1 | 1.3 | - | 1.4 | 0.6 | 38.1 | |
| Current assets | |||||||
| Inventories | 21.3 | - | - | - | - | - | 21.3 |
| Trade and other receivables | 20.3 | - | - | - | - | (0.6) | 19.7 |
| Cash and cash equivalents | 25.7 | - | - | - | - | - | 25.7 |
| 67.3 | - | - | - | - | (0.6) | 66.7 | |
| Current liabilities | |||||||
| Trade and other payables | (19.4) | - | - | - | - | - | (19.4) |
| Current tax liabilities | (2.9) | - | - | - | - | - | (2.9) |
| Dividends | (2.9) | - | - | 2.9 | - | - | - |
| Other liabilities | - | - | - | - | - | (1.0) | (1.0) |
| (25.2) | - | - | 2.9 | - | (1.0) | (23.3) | |
| Net current assets | 42.1 | - | - | 2.9 | - | (1.6) | 43.4 |
| Total assets less current liabilities | 75.8 | 1.1 | 1.3 | 2.9 | 1.4 | (1.0) | 81.5 |
| Non-current liabilities | |||||||
| Retirement benefit obligations | - | (4.4) | - | - | - | - | (4.4) |
| Provisions | (1.6) | 0.6 | - | - | - | 1.0 | - |
| (1.6) | (3.8) | - | - | - | 1.0 | (4.4) | |
| Net assets | 74.2 | (2.7) | 1.3 | 2.9 | 1.4 | - | 77.1 |
| Equity | |||||||
| Share capital | 1.1 | - | - | - | - | - | 1.1 |
| Capital redemption reserve | 0.2 | - | - | - | - | - | 0.2 |
| Translation reserve | - | - | - | - | - | 2.2 | 2.2 |
| Retained earnings | 71.2 | (2.7) | 1.3 | 2.9 | 1.4 | (2.2) | 71.9 |
| Total shareholders' equity | 72.5 | (2.7) | 1.3 | 2.9 | 1.4 | - | 75.4 |
| Minority interests | 1.7 | - | - | - | - | - | 1.7 |
| Total equity | 74.2 | (2.7) | 1.3 | 2.9 | 1.4 | - | 77.1 |
as at 30 September 2004
| UK GAAP | IFRS ADJUSTMENTS | IFRS | |||||
| Pension | Goodwill | Dividend | Taxation | Other reclassification |
|||
| £m | £m | £m | £m | £m | £m | £m | |
| Non-current assets | |||||||
| Goodwill | 23.5 | - | - | - | - | - | 23.5 |
| Other intangible assets | - | - | - | - | - | 0.6 | 0.6 |
| Property, plant and equipment | 10.6 | - | - | - | - | (0.6) | 10.0 |
| Deferred tax assets | - | 1.2 | - | - | 1.9 | - | 3.1 |
| 34.1 | 1.2 | - | - | 1.9 | - | 37.2 | |
| Current assets | |||||||
| Inventories | 20.4 | - | - | - | - | - | 20.4 |
| Trade and other receivables | 19.3 | - | - | - | - | - | 19.3 |
| Cash and cash equivalents | 17.9 | - | - | - | - | - | 17.9 |
| 57.6 | - | - | - | - | - | 57.6 | |
| Current liabilities | |||||||
| Trade and other payables | (20.5) | - | - | - | - | - | (20.5) |
| Current tax liabilities | (1.5) | - | - | - | - | - | (1.5) |
| Dividends | (2.4) | - | - | 2.4 | - | - | - |
| Other liabilities | - | - | - | - | - | (1.5) | (1.5) |
| (24.4) | - | - | 2.4 | - | (1.5) | (23.5) | |
| Net current assets | 33.2 | - | - | 2.4 | - | (1.5) | 34.1 |
| Total assets less current liabilities | 67.3 | 1.2 | - | 2.4 | 1.9 | (1.5) | 71.3 |
| Non-current liabilities | |||||||
| Retirement benefit obligations | - | (4.1) | - | - | - | - | (4.1) |
| Provisions | (2.0) | 0.5 | - | - | - | 1.5 | - |
| (2.0) | (3.6) | - | - | - | 1.5 | (4.1) | |
| Net assets | 65.3 | (2.4) | - | 2.4 | 1.9 | - | 67.2 |
| Equity | |||||||
| Share capital | 1.1 | - | - | - | - | - | 1.1 |
| Capital redemption reserve | 0.2 | - | - | - | - | - | 0.2 |
| Translation reserve | - | - | - | - | - | - | - |
| Retained earnings | 62.7 | (2.4) | - | 2.4 | 1.9 | - | 64.6 |
| Total shareholders' equity | 64.0 | (2.4) | - | 2.4 | 1.9 | - | 65.9 |
| Minority interests | 1.3 | - | - | - | - | - | 1.3 |
| Total equity | 65.3 | (2.4) | - | 2.4 | 1.9 | - | 67.2 |