The share price fell 5% on Friday after BOC revealed it had decided to opt for early adoption of the controversial accounting pensions standard FRS 17, and the new rule on deferred tax, FRS 19.
FRS 17, accounting for retirement benefits, takes effect in parts until June 2003 when companies must comply fully.
BOC said the new accounting standards had cut its underlying earnings per share for the year ended 30 September to 57.51 pence per share from the 67.01 pence predicted in mid-November.
FRS 19 would have added Pounds 31.5m to the tax charge. Re-stated pre-tax profits fell to Pounds 466.9m from the Pounds 480.3 million previously stated.
BOC said neither standard would have an impact on cash flow.
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