18th Apr 2005 15:00
Taylor Woodrow PLC18 April 2005 Taylor Woodrow plc is holding a technical presentation for analysts andinvestors, to provide an overview of the impact of International FinancialReporting Standards (IFRS) on the company's financial statements for the yearended 31st December 2004, which were previously announced on 1st March 2005. The main impacts of restatement under IFRS are as follows;• PBT increases by 3.5% from £390.4m to £403.9m• Basic EPS increases by 6.3% from 46.2p to 49.1p• Shareholders' funds increase by 3.8% from £1,637.8m to £1,700.2m• Gearing reduced by 2.3 percentage points from 34.1% to 31.8%• Return on Average Capital Employed* increased by 0.6 percentage points from 24.6% to 25.2%• There is no material change to pension accounting as this was already allowed for in the published 2004 financial statements * pre-exceptional items and goodwill/goodwill amortisation The first full reporting under IFRS by Taylor Woodrow will be for the six monthsending 30 June 2005. The presentation slides will be available from 3pm today on the company'swebsite www.taylorwoodrow.com - ends - For Further Information Taylor Woodrow Media Enquiries:Ian Morris - Tel: 0121 600 8520 / 07816 518 767 Taylor Woodrow Investor Relations:John Holland-Kaye - Tel: 07816 517 200 Maitland Consultancy:Emma Burdett - Tel: 0207 379 5151 / 07973 319 593 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey