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Reconciliation of the Consolidated Balance Sheet of Gaming VC
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50 RECONCILIATION OF CONSOLIDATED BALANCE SHEET OF GAMING VC HOLDINGS S.A. AS PREPARED UNDER IFRS TO COMPANY BALANCE SHEET OF GAMING VC HOLDINGS S.A. AS PREPARED UNDER LUXEMBOURG GAAP This reconciliation, which has not been audited, is designed to assist shareholders with their understanding of the preparation of the accounts of the Company under Luxembourg GAAP, which appears on pages 54 to 60. All in c000’s and at 31 December 2008 Balance Sheet of The Balance Adjustments Company Consolidated Sheet of under Under Balance Consolidation the Luxembourg Luxembourg sheet Adjustments Company GAAP GAAP Non Current Assets Property, plant & equipment 1,538 (1,538) Intangible fixed assets 55,879 (55,879) Deferred tax asset 11 (11) Shares in affiliated undertakings 63,814 63,814 63,814 Formation expenses 2,192 2,192 57,428 6,386 63,814 2,192 66,006 Current assets Amounts owed by affiliated undertakings 1,072 1,072 1,072 Other 27,812 (23,902) 3,910 3,910 27,812 (22,830) 4,982 4,982 Current liabilities Amounts owed to affiliated undertakings (11,876) (11,876) (1,737) (13,613) Other (8,632) 8,186 (446) (446) (8,632) (3,690) (12,322) (1,737) (14,059) Net assets 76,608 (20,134) 56,474 455 56,929 As represented by: Retained earnings at 1 Jan 2008 (18,623) 22,858 4,235 (3,947) 288* Transfer from share premium account 38,145 (38,145) Profit for the year 16,543 (7,452) 9,091 (1,636) 7,455 Dividends paid in year (12,454) (12,454) 6,227 (6,227) Share option reserve 557 2,605 3,162 (3,162) Retained earnings at 31 Dec 2008 24,168 (20,134) 4,034 (2,518) 1,516 Share premium account 13,832 13,832 1,980 15,812 Legal reserve 993 993 Total reserves 38,000 (20,134) 17,866 455 18,321 Share Capital 38,608 38,608 38,608 76,608 (20,134) 56,474 455 56,929 * For Reconcilliation see page 55