22nd Sep 2005 06:00
22 September 2005The Sage Group plc ('Sage') Briefing on the transition to International Financial Reporting Standards ('IFRS') Sage will today hold a briefing for analysts and investors to explain thechanges to Sage's financial reporting from the 2005/06 financial year onwardsas a result of the adoption of IFRS.The briefing will outline the accounting and presentational changes to Sage'sreported results. The first results reported under IFRS will be for the sixmonths to 31 March 2006 and, subsequently, the 12 months to 30 September 2006.The briefing will also include an IFRS restatement of the results for Sage'slast completed financial year, the 12 months to 30 September 2004. This will bean unaudited restatement, to show approximate estimates of the principalimpacts of applying IFRS to this reporting period.No new financial data for the year ended 30 September 2005, nor anyprice-sensitive information, will be disclosed at the briefing.Results for the 12 months to 30 September 2005 will first be reported underprevailing UK GAAP on 30 November. These results will subsequently be restatedunder IFRS during early 2006.Today's full presentation will be available at 3pm this afternoon on the SageGroup website, at www.sage.com/investors ## Contact:The Sage Group+44 (0) 191 294 3055Paul Harrison, Finance DirectorPhil Branston, Investor RelationsTulchan Communications+44 (0) 20 7353 4200Julie FosterStephen MalthouseNotes to editors:The Sage Group plc is a leading international supplier of accounting andbusiness management software solutions and related products and services forsmall to medium-sized enterprises. Formed in 1981, Sage was floated on theLondon Stock Exchange in 1989 and the Group now employs over 9,000 peopleworldwide.ENDSAGE GROUP PLCRelated Shares:
Sage Group