Akzo Nobel
Pharmaceutical firm publishes full-year 2004 figures under IFRS rules
Published in Healthcare Finance, Tax and Law Weekly, May 11th, 2005
The adjusted figures, which have no effect on the underlying cash flows of the businesses, result in an increase of net income and a decline in shareholders equity.
As of January 1, 2005, the company is preparing its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS).
Akzo Nobel used to prepare its financial statements under Generally Accepted Accounting Principles in the...
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