This excerpt taken from the ICI 6-K filed Mar 21, 2007.
The following table sets forth, for the years, months and dates indicated, the noon buying rate in New York City for cable transfers in pounds Sterling as certified by the Federal Reserve Bank of New York for customs purposes (the noon buying rate):
The noon buying rate on 19 February 2007 was $1.95 = £1
Fluctuations in the exchange rate between the pound Sterling and the US dollar will affect the US dollar equivalent of the pound Sterling prices of the Ordinary Shares of Imperial Chemical Industries PLC on the London Stock Exchange and, as a result, will affect the market prices of ADSs on the NYSE. Cash dividends, if any, will be paid by the Company in respect of Ordinary Shares in pounds Sterling, and exchange rate fluctuations will affect the US dollar amounts received by holders of ADSs on conversion by the Depositary of such dividends.
A substantial proportion of the Groups assets, liabilities, revenues and expenses are denominated in currencies other than pounds Sterling. Accordingly, fluctuations in the value of the pound Sterling relative to other currencies can have a significant effect on the translation into Sterling of non-Sterling assets, liabilities, revenues and expenses (see relevant sections of the financial review section of the Business review, on pages 30 to 31).
This excerpt taken from the ICI 20-F filed Mar 31, 2006.
The information set forth under the heading Shareholder information Exchange rates, which appears on page 155 of the Companys Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006, is incorporated herein by reference. The highest and lowest exchange rates for each period since February 2006 based on the noon buying rate in New York City for cable transfers in pounds Sterling as certified by the Federal Reserve Bank of New York for customs purposes, referred to herein as the noon buying rate, are set out below:
The information set forth under the heading Risk factors, which appears on pages 149 to 151 of the Companys Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006, is incorporated herein by reference.