IFRS presentation to analysts and investors - About United Utilities

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IFRS impact – net assets at 31 March 200535003000£3,119m£145m (£332m)£3m(£952m)Net Assets (£m)25002000150010005000UK GAAPInfrastructure AssetsPensionsBusiness CombinationsDeferred Tax32As you can see, net assets are reduced by around 30 per cent as a result ofdeferred tax under IAS 12.This represents the largest single adjustment to net assets.
Major IFRS adjustments representing materialdifferences from UK GAAP• Infrastructure Accounting (IAS 16)• Interests in Joint Ventures (IAS 31)• Defined Benefit Pension Scheme Accounting (IAS 19)• Business Combinations (IAS 38 / IFRS 3)• Deferred Tax (IAS 12)• Dividends (IAS 10)• Accounting for Derivatives (IAS 39)33Looking at dividends.
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 and 24: Defined Benefit Pension Scheme Acco
Page 27 and 28: Business Combinations (IAS 38 / IFR
Page 31: Deferred Tax (IAS 12)• IAS 12 doe
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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