IFRS presentation to analysts and investors - About United Utilities

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IFRS impact – 2004/05 operating profit*700Operating Profit (£m)650600550500450£646m(£27m)£1m400UK GAAPInfrastructure AssetsPensions* after exceptional items and intangibles previously classified as goodwill under UK GAAP and restructuring costs24Here you can see a minor increase of £1 million to operating profit as a result ofIAS19.The £3 million adjustment to interest, of course, impacts on profit before tax,which I will cover at the end of my session.
IFRS impact – net assets at 31 March 200535003000£3,119m£145m (£332m)Net Assets (£m)25002000150010005000UK GAAPInfrastructure AssetsPensions25This chart highlights the reduction in net assets of £332 million, representingaround 10 per cent of the net assets value under UK GAAP.
Page 1 and 2: United Utilities PLCInternational F
Page 3 and 4: Simon BateyGroup Finance DirectorGo
Page 5 and 6: IFRS conversion timetable31/03/04 3
Page 7 and 8: IFRS headlines - effect on 2004/05
Page 9 and 10: Segmental operating profit£mIFRS 1
Page 11 and 12: United Utilities’ basis of prepar
Page 13 and 14: Infrastructure Accounting (IAS 16)
Page 15 and 16: Infrastructure Accounting (IAS 16)I
Page 17 and 18: IFRS impact - net assets at 31 Marc
Page 19 and 20: Interests in Joint Ventures (IAS 31
Page 21 and 22: Interests in Joint Ventures (IAS 31
Page 23: Defined Benefit Pension Scheme Acco
Page 27 and 28: Business Combinations (IAS 38 / IFR
Page 31 and 32: Deferred Tax (IAS 12)• IAS 12 doe
Page 33 and 34: Major IFRS adjustments representing
Page 37 and 38: Accounting for Derivatives (IAS 39)
Page 39 and 40: Accounting for Derivatives (IAS 39)
Page 41 and 42: Operating Profit (£m)IFRS impact -
Page 45 and 46: IFRS impact - 2004/05 earnings per
Page 47 and 48: Retained Earnings• The consolidat
Page 49 and 50: IFRS impact on key ratios and finan
Page 51 and 52: Summary• Overall impact on profit

IFRS presentation to analysts and investors - About United Utilities

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