This excerpt taken from the ICI 6-K filed Mar 21, 2007.
FRS 28 sets out the requirements for the disclosure of corresponding amounts for items shown in a companys primary financial statements and notes to the financial statements.
The adoption of the above standards did not have a significant effect on the results or financial position of the Company.
The following standards issued by the ASB only become effective for periods after 31 December 2006:
Amendment to FRS 17