Page 72 - RFU Annual Report 2015/2016

Financial Statements
70

Notes to the Financial Statements continued

30. Transition to FRS 102 continued

Reconciliation of Group equity as at 30 June 2015
FRS 102
UK Reclassification/
Notes GAAP Re-measurement FRS 102
(page 73) £m £m £m

Fixed assets
Intangible fixed assets 4, 5 7.8 (6.6) 1.2
Tangible fixed assets 4, 7 237.1 (3.0) 234.1
Loans to clubs 8.0 - 8.0
Investments 7.1 - 7.1
Investment properties 7 - 6.9 6.9

260.0 (2.7) 257.3
Current assets
Stock 1.1 - 1.1
Debtors and prepayments due within one year 50.8 - 50.8
Debtors and prepayments due after one year 0.2 - 0.2
Cash at bank and in hand 71.2 - 71.2
Deferred tax 1, 2, 7 6.5 (0.1) 6.4

129.8 - 129.7
Creditors
Amounts falling due within one year 2 (181.2) (0.6) (181.8)

Net current liabilities (51.4) (0.7) (52.1)

Total assets less current liabilities 208.6 (3.4) 205.2

Creditors
Amounts falling due after more than one year 10 (0.8) (46.5) (47.3)

Net assets excluding pension liability 207.8 (49.9) 157.9
Pension liability 1 (2.7) (0.8) (3.5)

Net assets 205.1 (50.7) 154.4

Debentures 148.2 - 148.2

Capital and reserves
Called up share capital - - -
Debentures reserve 38.1 - 38.1
Other reserve 5, 10 - (54.5) (54.5)
Revaluation reserve 0.2 (0.2) -
Profit and loss reserve 2, 3, 7, 9 16.0 4.0 20.0

Total equity funds 54.3 (50.7) 3.6

Non-controlling interests 2.6 - 2.6

Capital employed 205.1 (50.7) 154.4

Annual Report 2015/16