CCL Industries Inc. 2011 Annual Report 85 Reconciliation of equity, December 31, 2010 Previous Canadian GAAP balance IFRS reclassification IFRS adjustments IFRS balance Assets Assets Current assets Current assets Cash and cash equivalents $ 173,197 $ — $ — $ 173,197 Cash and cash equivalents — 174,011 — 174,011 Trade and other receivables Accounts receivable, trade 154,850 (154,850) — — Inventories 77,863 — — 77,863 Inventories Other receivables and prepaid expenses 24,199 (24,199) — — — 5,983 — 5,983 Prepaid expenses Income and other taxes receivable 2,457 684 — 3,141 Income taxes recoverable — 6,641 — 6,641 Derivative instruments Total current assets 432,566 8,270 — 440,836 Total current assets Property, plant and equipment (note d) 712,292 (902) (6,987) 704,403 Property, plant and equipment Goodwill 350,527 — — 350,527 Goodwill Future income tax assets (notes c,d,e,f,g,h) 50,676 — 4,280 54,956 Deferred tax assets — 19,754 — 19,754 Equity accounted investments Intangible assets 36,017 2,036 — 38,053 Intangible assets Other assets 40,333 (40,333) — — — 18,604 — 18,604 Other assets — 841 — 841 Derivative instruments Total non-current assets 1,189,845 — (2,707) 1,187,138 Total non-current assets Total assets $ 1,622,411 $ 8,270 $ (2,707) $ 1,627,974 Total assets Liabilities Liabilities Current liabilities Current liabilities Bank advances $ 497 $ — $ — $ 497 Bank advances Accounts payable and accrued liabilities 222,072 8,269 — 230,341 Trade and other payables Current portion of long-term debt 87,147 (11,519) — 75,628 Current portion of long-term debt — 11,519 — 11,519 Derivative investments Total current liabilities 309,716 8,269 — 317,985 Total current liabilities Long-term debt (note c) 347,733 (976) (983) 345,774 Long-term debt Future income tax liabilities (note d) 120,682 — (1,606) 119,076 Deferred tax liabilities (notes f,g) — 46,667 19,552 66,219 Employee benefits Other long-term items 55,283 (55,283) — — — 8,617 — 8,617 Provisions and other long-term liabilities — 976 — 976 Derivative instruments Total non-current liabilities 523,698 1 16,963 540,662 Total non-current liabilities Total liabilities $ 833,414 $ 8,270 $ 16,963 $ 858,647 Total liabilities Equity Equity Share capital $ 208,666 $ — $ — $ 208,666 Share capital Contributed surplus (note e) 6,741 — 947 7,688 Contributed surplus Retained earnings 693,017 — (120,228) 572,789 Retained earnings Accumulated other comprehensive loss (notes b,c) (119,427) — 99,611 (19,816) Accumulated other comprehensive loss Total equity attributable to shareholders of the Company 788,997 — (19,670) 769,327 Total equity attributable to shareholders of the Company Total liabilities and equity $ 1,622,411 $ 8,270 $ (2,707) $ 1,627,974 Total liabilities and equity