For the year ended 31 December 2004
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Group's financial statements, except for changes arising from the application of UITF 38 (Accounting for ESOP Trusts). This mainly deals with the balance sheet accounting treatment for our shares and does not have a material impact on Group earnings. Comparative figures have been restated accordingly (see note xvii).
Accounting policies
1. Group segmental analysis
2. Operating profit
3. Profit on ordinary activities before taxation
4. Interest receivable and similar income
5. Interest payable and similar charges
6. Directors' and employees' remuneration
7. Pension scheme funding
8. Exceptional items
9. Tax on profit on ordinary activities
10. Dividends
11. Profit of the parent company
12. Earnings/(loss) per share
13. Intangible fixed assets
14. Tangible fixed assets
15. Fixed asset investments
16. Stocks
17. Debtors
18. Current asset investments
19. Creditors: amounts falling due within one year
20. Creditors: amounts falling due after more than one year
21. Provisions for liabilities and charges
22. Deferred taxation
23. Share capital
24. Reserves
25. Notes to the cash flow statement
26. Acquisitions
27. Net debt
28. Financial instruments
29. Commitments
30. Contingent liabilities and contingent assets
31. Related party transactions
32. Post balance sheet events
33. Details of principal subsidiary undertakings, associates and joint ventures
