This excerpt taken from the ICI 20-F filed Apr 1, 2005.
(6) Exceptional items Continuing operations
Exceptional items relating to “Continuing operations” included in the Group profit and loss account were as follows:
“Notes relating to the accounts Note 3 Exceptional items before tax”, which appears on pages 66 and 67 under Item 18 “Financial Statements” of this Annual Report on Form 20-F, gives details of exceptional items before taxation from 2002 to 2004.
Exceptional items disclosed separately in the UK GAAP Group profit and loss account would be incorporated in individual line items under US GAAP. Exceptional items under UK GAAP do not represent extraordinary items under US GAAP.