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This excerpt taken from the SYT 6-K filed Jul 24, 2008. Basis of presentation and accounting
policies: The consolidated financial statements for the six
months ended June 30, 2008 have been prepared in accordance with International
Financial Reporting Standards (IFRS) as issued by the International Accounting
Standards Board (IASB) and with the accounting policies set out in the Syngenta
2007 Financial Report.
The
consolidated financial statements are presented in United States dollars ($) as
this is the major currency in which revenues are denominated.
The
preparation of financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those
estimated.
Note
2: Changes in Accounting Policies - IFRS
There were
no changes to accounting policies in 2008 which had an effect on these condensed
consolidated financial statements, except for the following reclassification,
which has no impact on earnings, shareholders’ equity or cash
flows:
Comparative
figures for the condensed consolidated balance sheet have been adjusted to
reclassify derivative financial assets and liabilities as current or non-current
based on the maturity dates of the derivative contracts. Previously, all
derivatives were shown within current assets or liabilities. Derivative assets
of $45 million as at June 30, 2007 and $168 million as at December 31, 2007 have
been reclassified as non-current assets. Derivative liabilities of $23 million
as at June 30, 2007 and $33 million as at December 31, 2007 have been
reclassified as non-current liabilities.
Note
3: Changes in the Scope of Consolidation
In 2007
following a public offer to minority shareholders of
Syngenta India Ltd., Syngenta increased its shareholding in Syngenta
India Ltd to 95 percent. During January 2008 final adjustments
increased the holding to 96.3 percent. On 3rd April This excerpt taken from the SYT 6-K filed Feb 8, 2007. Basis of presentation and accounting policies: The condensed consolidated financial statements and notes thereto have been extracted from the consolidated financial
statements. The consolidated financial statements for the year ended 31 December 2006 have been prepared in accordance with International Financial Reporting Standards (IFRS), which comprise standards and interpretations approved by the
International Accounting Standards Board (IASB), and International Accounting Standards and Standing Interpretations Committee interpretations approved by the International Accounting Standards Committee (IASC) that remain in effect. The condensed
consolidated financial statements have been prepared in accordance with our policies as set out in the 2005 Financial Report, except as noted below. These principles differ in certain significant respects from generally accepted accounting
principles in the United States (‘US GAAP’). Application of US GAAP would have affected shareholders’ net income and equity for the year ended 31 December 2005 and 2006 as detailed in Note 6.
The condensed consolidated financial statements are presented in United States dollars (‘$’) as this is the major trading currency of the company. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. This excerpt taken from the SYT 6-K filed Jul 27, 2006. Basis of presentation and accounting policies: The condensed consolidated financial statements for the six months ended 30 June 2006 have been prepared in accordance with
International Financial Reporting Standards (IFRS), which comprise standards and interpretations approved by the International Accounting Standards Board (IASB), and International Accounting Standards and Standing Interpretations Committee
interpretations approved by the International Accounting Standards Committee (IASC) that remain in effect. The interim consolidated financial statements have been prepared in accordance with our policies as set out in the 2005 Financial Report,
except as noted below. These principles differ in certain significant respects from generally accepted accounting principles in the United States (‘US GAAP’). Application of US GAAP would have affected shareholders’ net income for the
six months ended, and shareholders’ equity as of, 30 June 2005 and 2006, as detailed in Note 6.
The condensed consolidated financial statements are presented in United States dollars (‘$’) as this is the major trading currency of the company. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. This excerpt taken from the SYT 6-K filed Feb 14, 2006. Basis of presentation and accounting policies: The condensed consolidated financial statements and notes thereto have been extracted from the consolidated financial
statements. The consolidated financial statements for the year ended 31 December 2005 have been prepared in accordance with International Financial Reporting Standards (IFRS), which comprise standards and interpretations approved by the
International Accounting Standards Board (IASB), and International Accounting Standards and Standing Interpretations Committee interpretations approved by the International Accounting Standards Committee (IASC) that remain in effect. The condensed
consolidated financial statements have been prepared in accordance with our policies as set out in the 2004 Financial Report, except as noted below. These principles differ in certain significant respects from generally accepted accounting
principles in the United States (‘US GAAP’). Application of US GAAP would have affected shareholders’ net income and equity for the year ended 31 December 2004 and 2005 as detailed in Note 6.
The condensed consolidated financial statements are presented in United States dollars (‘$’) as this is the major trading currency of the company. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. This excerpt taken from the SYT 6-K filed Jul 28, 2005. Basis of presentation and accounting policies: The consolidated financial statements for the six months ended 30 June 2005 have been prepared in accordance with
International Financial Reporting Standards (IFRS), which comprise standards and interpretations approved by the International Accounting Standards Board (IASB), and International Accounting Standards and Standing Interpretations Committee
interpretations approved by the International Accounting Standards Committee (IASC) that remain in effect. The interim consolidated financial statements have been prepared in accordance with our policies as set out in the 2004 Financial Report,
except as noted below. These principles differ in certain significant respects from generally accepted accounting principles in the United States (‘US GAAP’). Application of US GAAP would have affected shareholders’ net income for the
six months ended, and shareholders’ equity as of, 30 June 2004 and 2005, as detailed in Note 6.
The consolidated financial statements are presented in United States dollars (‘$’) as this is the major trading currency of the company. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. This excerpt taken from the SYT 6-K filed Feb 15, 2005. Basis of presentation and accounting policies: The condensed consolidated financial statements and notes thereto have been extracted from the consolidated financial
statements. The consolidated financial statements for the year ended 31 December 2004 have been prepared in accordance with International Financial Reporting Standards (IFRS), which comprise standards and interpretations approved by the
International Accounting Standards Board (IASB), and International Accounting Standards and Standing Interpretations Committee interpretations approved by the International Accounting Standards Committee (IASC) that remain in effect. The condensed
consolidated financial statements have been prepared in accordance with our policies as set out in the 2003 Financial Report, except as noted below. These principles differ in certain significant respects from generally accepted accounting
principles in the United States (‘US GAAP’). Application of US GAAP would have affected shareholders’ net income and equity for the year ended 31 December 2003 and 2004 as detailed in Note 6.
The condensed consolidated financial statements are presented in United States dollars (‘$’) as this is the major trading currency of the company. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. | EXCERPTS ON THIS PAGE:
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