Investor Relations
News Detail

14th Sep 2005

Restatement of Financial Information under IFRS

The European Union (EU) requires all EU listed companies to prepare consolidated financial statements in accordance with International Financial Reporting Standards ('IFRS') for accounting periods commencing on or after 1 January 2005.

Independent News & Media PLC ('INM') has adopted IFRS with effect from 1 January 2005. The Group's transition date is 1 January 2004 as this is the start date of the earliest period for which full comparative information under IFRS will be presented in INM's 2005 Annual Report and Accounts.

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director
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