IFRS presentation to analysts and investors - About United Utilities

IFRS impact – 2004/05 profit before tax*Profit Before Tax (£m)450400350300250200150100UK GAAP£370mInfrastructure Assets(£27m)Pensions£4m £5m £3mBusiness CombinationsOther£356m*** after exceptional items and intangibles previously classified as goodwill under UK GAAP and restructuring costs** does not add due to roundingIFRS42For completeness, this slide outlines the adjustments to profit before tax. Again,a similar pattern, with infrastructure accounting having the largest single impact.So, as you can see, there is no material impact on profit before tax.