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ICI » Topics » (vii) Inventory write-down

These excerpts taken from the ICI 6-K filed Mar 21, 2007.
(vii) Inventory write-down
The credit of £3m (2005 £7m charge) represents the net of amounts reinstated at the prior year end and utilized in the current period and reinstatement of inventory write-downs recognized under IFRS in the current period.

(vii) Inventory write-down
The credit of £3m (2005 £7m charge; 2004 £nil) represents the net of amounts reinstated at the prior year end and utilised the current period and reinstatement of inventory write-downs recognised under IFRS in the current period.

 

www.ici.com ICI Annual Report and Accounts 2006 127

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     Accounts

Notes relating to the Group accounts continued

 

36 Differences between IFRS and US accounting principles (continued)

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

EXCERPTS ON THIS PAGE:

6-K (2 sections)
Mar 21, 2007

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