2005

$000

2004

$000

Reconciliation of total equity as presented under previous AGAAP

to that under AEIFRS

Total equity under previous AGAAP

2,180

347

Adjustments to retained earnings:

 

Employee provisions

-

16

Adjustments to other reserves:

-

-

Total equity translated to AEIFRS

2,180

363

Reconciliation of profit or loss as presented under previous AGAAP to AEIFRS

Prior year profit as previously reported

1,784

 

Adjustments:

 

 

Employee provisions

-

 

Prior year profit translated to AEIFRS

1,784

 

The cash flow statement presented under previous AGAAP is equivalent to that prepared under AEIFRS.

NICNAS has not restated comparatives for financial instruments. The adjustments between AEIFRS and the previous GAAP have been taken up at 1 July 2005.