This excerpt taken from the ICI 6-K filed Mar 16, 2005.
Amendments to Statement 133 on Derivative Instruments and Hedging Activities, was issued in April 2003 and amends and clarifies reporting for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities. This standard applies to contracts entered into or modified after 30 June 2003 and for hedging relationships designated after 30 June 2003. Adoption of this standard had no effect on the Groups results.
SFAS No. 150