AANB » Topics » Reclassification: There are no reclassifications in the 2003 or 2004 financial statements. Recent Accounting Pronouncements

This excerpt taken from the AANB 8-K filed Apr 18, 2005.

Reclassification: There are no reclassifications in the 2003 or 2004 financial statements.

 

Recent Accounting Pronouncements

 

In December 2003, the FASB issued SFAS no. 132 (revised 2003) Employers’ Disclosures about Pensions and Postretirement Benefits. This Statement requires additional disclosures about the assets, obligations and cash flows of defined benefit pension and postretirement plans, as well as the expense recorded for such plans. As of December 31, 2004, the Bank has disclosed the required elements related to its defined benefit pension plan in Note 10 to these financial statements.

 

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