Peachtree 2015 Annual Report Download - page 113

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The Sage Group plc | Annual Report & Accounts 2015 111
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
30 September 2014 1 October 2013
As previously
reported
Restatement
adjustment As restated
As previously
reported Restatement
adjustment As restated
Deferred tax assets 21.9 7.5 29.4 18.7 7.5 26.2
Total non-current assets 1,679.7 7.5 1,687.2 1,776.2 7.5 1,783.7
Total current assets 468.1 – 468.1 414.2 – 414.2
Total assets 2,147.8 7.5 2,155.3 2,190.4 7.5 2,197.9
Trade and other payables (297.3) 17.8 (279.5) (287.6) 11.4 (276.2)
Provisions – (13.0) (13.0) – (13.3) (13.3)
Deferred consideration (3.5) 3.5 – (8.2) 8.2 –
Deferred income (402.7) (23.5) (426.2) (406.8) (26.2) (433.0)
Total current liabilities (912.7) (15.2) (927.9) (789.3) (19.9) (809.2)
Provisions – (8.3) (8.3) – (6.3) (6.3)
Total non-current liabilities (451.2) (8.3) (459.5) (530.8) (6.3) (537.1)
Total liabilities (1,363.9) (23.5) (1,387.4) (1,320.1) (26.2) (1,346.3)
Net assets 783.9 (16.0) 767.9 870.3 (18.7) 851.6
Equity attributable to owners of the parent
Ordinary shares 11.7 – 11.7 11.7 – 11.7
Share premium 535.9 – 535.9 532.2 – 532.2
Other reserves 88.8 1.3 90.1 60.4 (0.2) 60.2
Retained earnings 147.5 (17.3) 130.2 267.0 (18.5) 248.5
783.9 (16.0) 767.9 871.3 (18.7) 852.6
Non-controlling interest – – – (1.0) – (1.0)
Total equity 783.9 (16.0) 767.9 870.3 (18.7) 851.6
New or amended accounting standards
There are no IFRS, IAS amendments or IFRIC interpretations effective for the first time this financial year that have had a material impact
on the Group.
Going concern
The Group’s business activities, together with the factors likely to affect its future development, performance and position, are set out
in the Strategic report on pages 2 to 58.
After making enquiries, the Directors have a reasonable expectation that the Group has adequate resources to continue in operation
for the foreseeable future, a period of not less than 12 months from the date of this report. Accordingly, they continue to adopt the going
concern basis in preparing the consolidated financial statements and in accordance with those parts of the Companies Act 2006 applicable
to companies reporting under IFRS.
Foreign currencies
The consolidated financial statements are presented in sterling, which is the functional currency of the parent Company and the
presentation currency for the consolidated financial statements.