ICI » Topics » IAS 19 - Employee benefits

This excerpt taken from the ICI 6-K filed Mar 16, 2005.
IAS 19 – Employee benefits
The Group will measure pension commitments and other related benefits in accordance with IAS 19. ICI plans to adopt the option in IAS 19 allowing all actuarial gains or losses to be taken directly to the statement of recognised income and expense, subject to endorsement by the EU. Measurement of the Group’s pension commitments and other related benefits under IAS 19 is estimated to produce broadly similar results to those under FRS 17. Disclosure of the Group’s retirement benefit arrangements in accordance with FRS 17 is provided in Note 36.

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