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ICI » Topics » (iii) Capitalisation of interest

This excerpt taken from the ICI 6-K filed Mar 21, 2007.
(iii) Capitalisation of interest
At 31 December 2006, the Group had capitalised interest with a gross carrying amount of £98m (2005 £100m) less accumulated amortisation of £72m (2005 £75m). The credit relating to capitalised interest of £7m (2005 charge £2m; 2004 charge £4m) is the net of additions in the period of £11m (2005 £3m; 2004 £1m) offset by an amortisation charge of £4m (2005 £5m; 2004 £5m).

 

126 ICI Annual Report and Accounts 2006 www.ici.com

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36 Differences between IFRS and US accounting principles (continued)

Notes relating to the differences between IFRS and US accounting principles (continued)

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