INTRODUCTION
26 . New Accounting Policy for Intangibles ( continued )
31 Dec 2020 ($’ 000 ) Previously reported DR /( CR )
Statement of Financial Position
Adjustment DR /( CR )
Restated DR /( CR )
Intangible assets 1,752,988 ( 1,752,988 ) - Total assets / Net assets 107,160,262 ( 1,752,988 ) 105,407,274 Retained earnings / Total equity 45,273,460 ( 1,752,988 ) 43,520,472 Statement of Profit or Loss and Other Comprehensive Income IT assets write off - ( 576,010 ) 576,010 Depreciation and amortisation 5,332,793 183,460 5,149,333 Surplus for the year 7,648,697 ( 392,550 ) 7,256,147
31 Dec 2020 ($’ 000 ) Previously reported DR /( CR )
Statement of Cash Flow
Adjustment DR /( CR )
Restated DR /( CR )
Payments to suppliers and employees ( 118,082,505 ) ( 576,010 ) ( 118,658,515 ) Net cash generated by operating activities 20,854,645 ( 576,010 ) 20,278,635 Payments to acquire intangible assets ( 5,917,217 ) 576,010 ( 5,341,207 ) Net cash used in investing activities ( 10,958,212 ) 576,010 ( 10,382,202 )
31 Dec 2020 ($’ 000 ) General Reserve Total Statement of Changes in Equity Balance at 1 Jan 2020 ( as previously stated ) 36,527,597 37,624,763 Effect of change in accounting policy ( 1,360,438 ) ( 1,360,438 ) Balance at 1 Jan 2020 ( restated ) 35,167,159 36,264,325 Profit for the year ( restated ) 7,256,147 7,256,147 Other comprehensive income for the year - - Total comprehensive income for the year 7,256,147 7,256,147 Transfer to reserve 19,235 Balance at 31 Dec 2020 42,442,541 43,520,472
1 Jan 2020 ($’ 000 ) Previously reported DR /( CR )
Statement of Financial Position
Adjustment DR /( CR )
Restated DR /( CR )
Intangible assets 1,360,438 ( 1,360,438 ) - Total assets / Net assets 37,624,763 ( 1,360,438 ) 36,264,325 General Reserve 36,527,597 ( 1,360,438 ) 35,167,159 Total equity 37,624,763 ( 1,360,438 ) 36,264,325
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