ICI
is one of the world’s major specialty chemicals and paints businesses
with products and ingredients developed for a wide range of markets.
Our
vision is to become the leader in formulation science. We have, and
will continue to build, a portfolio of businesses that are leaders
within their respective industries, bringing together outstanding knowledge
of customer needs with leading edge technology platforms to create
and deliver products that provide superior performance.
As
a result of significant and sustained performance improvement, we aim
to be one of the leading creators of shareholder return in our industry,
without compromising our commitment to safety, health and the environment
and the communities in which we operate.
The
Notice convening the Company’s Annual General Meeting in 2006
is set out on pages 3 to 6 of the Letter to Shareholders
and Notice of Annual General Meeting 2006 dated
13 March 2006.
The Group publishes
an annual Sustainability Report which
is available on ICI’s corporate website (www.ici.com). A
list of definitions appears on page 156 and 157 of this
report.
‘Company’ means Imperial Chemical Industries PLC. ‘ICI’,
‘ICI Group’ or ‘Group’ means Imperial Chemical Industries
PLC and its subsidiary companies.
International
Financial Reporting Standards
This is the
first Annual Report of the Group prepared in
accordance with International Financial Reporting Standards
(“IFRS”) as endorsed by the European Commission
(“adopted IFRS”). The transition date for the adoption
of IFRS is 1 January 2004. All comparative data in this
report has been restated, except the Group has taken the
exemption under IFRS 1 First-time
Adoption ofInternational
Financial Reporting Standards not
to restate comparatives
for IAS 32 Financial
Instruments: Disclosureand
Presentation and
IAS 39: Financial Instruments:Recognition
and Measurement.
ICI has applied the
exemption by
the US Securities and Exchange Commission (SEC) to exclude
a second year of comparatives.
