Company News
2005
Restatement of 2004 full year results under international financial reporting standards
26/07/2005
St. James’s Place Capital plc, the wealth management group, today publishes the restatement of its 2004 full year results under International Financial Reporting Standards (IFRS).
Andrew Croft, Group Finance Director, commented “ As previously indicated, the transition from UK GAAP to IFRS has a limited impact on the financial position of the Group. Net assets at 31 December 2004 have increased by £7.2 million and the 2004 retained profit after tax is £2.9 million higher. The underlying economics of the Group remain unaffected by the transition and the adoption of IFRS has no impact on dividend policy or solvency.”
The text of the transition restatement is attached.
Enquiries:
| Andrew Croft, Group Finance Director | Tel: 020 7514 1985 |
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