(c) Impact on financial statements
As a result of the changes in the Group’s accounting policies, prior year financial statements had to be restated.
The following tables show the adjustments recognised for each individual line item. Line items that were
not affected by the change have not been included. As a result, the sub-totals and totals disclosed cannot be
recalculated from the numbers provided.
(i)
Impact on prior and current years
The amounts disclosed for the 2013 reporting period are after the changes in accounting policies referred to in note 2(a).
Prior year restatement increase/(decrease) of profit
Consolidated income statement (extracts)
2013
(Previously
stated)
$’000
Employee
benefits
$’000
2013
(Restated)
$’000
Employee benefits expense
(124,790)
(237)
(125,027)
Net loss after tax
(201,797)
(237)
(202,034)
Current year impact increase/(decrease) of profit
Consolidated income statement (extracts)
2014
$’000
Employee
benefits
$’000
2014 as
presented
$’000
Employee benefits expense
(155,162)
(126)
(155,288)
Net profit after tax
163,769
(126)
163,643
Prior year restatement increase/(decrease) of profit
Statement of other comprehensive income (extracts)
2013
(Previously
stated)
$’000
Employee
benefits
$’000
2013
(Restated)
$’000
Remeasurement of defined benefit obligation
3,080
794
3,874
Income tax effect on defined benefit fund obligations
(924)
(238)
(1,162)
Other comprehensive income for the period
2,156
556
2,712
NOTE 02
CHANGES IN ACCOUNTING POLICIES (CONTINUED)
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