REPUBLIC BANK LIMITED
60
Notes to theConsolidatedFinancial Statements
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
2 Significant accounting policies
(continued)
2.3 Changes in accounting policies
(continued)
i)
New accounting policies/improvements adopted
(continued)
IAS 19 - Employee Benefits (Revised) (effective January 1, 2013)
(continued)
Impact on consolidated statement of comprehensive income
2013
Total comprehensive income as previously reported
1,210,549
IAS 19 impact on profit after tax
(19,256)
1,191,293
Re-measurement loss on defined benefit plans
(21,847)
Taxation effect
5,407
Re-measurement loss on defined benefit plans, net of tax
(16,440)
Total comprehensive income for the year, net of tax, restated
1,174,853
Attributable to:
Equity holders of the parent, as previously reported
1,190,189
IAS 19 impact on profit attributable to equity holders of the parent
(36,419)
Equity holders of the parent, restated
1,153,770
Non-controlling interest as previously reported
20,360
IAS 19 impact on profit attributable to non-controlling interest
723
Non-controlling interest, restated
21,083
Total comprehensive income, restated
1,174,853
