Page 74 - RFU Annual Report 2015/2016

Financial Statements
72

Notes to the Financial Statements continued

30. Transition to FRS 102 continued
Reconciliation of Parent 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 - 1.3 1.3
Tangible fixed assets 233.7 (2.9) 230.8
Loans to clubs - - -
Investments 11 49.5 46.5 96.0
Investment properties - 6.9 6.9

283.2 51.8 335.0
Current assets
Stock 0.7 - 0.7
Debtors and prepayments due within one year 33.1 - 33.1
Debtors and prepayments due after one year 0.2 - 0.2
Cash at bank and in hand 62.0 - 62.0
Deferred tax 5.8 - 5.8

101.8 - 101.8
Creditors
Amounts falling due within one year 2 (164.9) (0.4) (165.3)

Net current liabilities (63.1) (0.4) (63.5)

Total assets less current liabilities 220.1 51.4 271.5

Creditors
Amounts falling due after more than one year 11 (0.8) (46.5) (47.3)

Net assets excluding pension liability 219.3 4.9 224.2
Pension liability 1 (2.7) (0.8) (3.5)

Net assets 216.6 4.1 220.7

Debentures 148.2 - 148.2

Capital and reserves
Called up share capital - - -
Debentures reserve 38.1 - 38.1
Profit and loss reserve 30.3 4.1 34.4

Total equity funds 68.4 4.1 72.5

Non-controlling interests - - -

Capital employed 216.6 4.1 220.7

Annual Report 2015/16