Page 73 - RFU Annual Report 2015/2016
P. 73
Financial Statements
71
30. Transition to FRS 102 continued
Reconciliation of Parent equity as at
1 July 2014 (date of transition to FRS 102) FRS 102
UK Reclassification/
Notes GAAP Re-measurement FRS 102
(page 73) £m £m £m
Fixed assets
Intangible fixed assets 4 - 0.1 0.1
Tangible fixed assets 4, 7 211.0 (1.7) 209.3
Loans to clubs 0.1 - 0.1
Investments 11 49.5 32.0 81.5
Investment properties 7 - 6.5 6.5
260.6 36.9 297.5
Current assets
Stock 0.9 - 0.9
Debtors and prepayments due within one year 14.8 - 14.8
Debtors and prepayments due after one year 0.2 - 0.2
Cash at bank and in hand 21.2 - 21.2
Deferred tax 1, 2, 7 5.5 (0.4) 5.1
42.6 (0.4) 42.2
Creditors
Amounts falling due within one year 11 (27.6) (32.6) (60.2)
Net current assets/(liabilities) 15.0 (33.0) (18.0)
Total assets less current liabilities 275.6 3.9 279.5
Creditors
Amounts falling due after more than one year (63.3) - (63.3)
Net assets excluding pension liability 212.3 3.9 216.2
Pension liability 1 (1.3) (0.3) (1.6)
Net assets 211.0 3.6 214.6
Debentures 147.7 - 147.7
Capital and reserves
Called up share capital - - -
Debentures reserve 38.1 - 38.1
Profit and loss reserve 2, 3, 7 25.2 3.6 28.8
Total equity funds 63.3 3.6 66.9
Non-controlling interests - - -
Capital employed 211.0 3.6 214.6
Annual Report 2015/16
