In comparing its figures using IFRS instead of UK GAAP for the six months ended 30 September 2004, the FTSE100 commercial property group said that the jump in its EPS would be caused by the inclusion in the income statement of revaluation surpluses.
The treatment of property valuation movements and contingent tax are the most significant changes for BL under the new accounting standards.
‘The underlying performance of the business, its cash flows and dividend policy will be unaffected by the introduction of IAS,’ the group said in a statement.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements