21st Mar 2005 09:00
Imperial Tobacco Group PLC21 March 2005 21 March 2005 Imperial Tobacco Group will hold a presentation for analysts on regulatory andlitigation matters in the tobacco industry and International Financial ReportingStandards. At this presentation, Gareth Davis, Chief Executive, will confirmthat the trading trends outlined at the Annual General Meeting on 1 February2005 continue and that the overall anticipated performance of the Group for thefinancial year to 30 September 2005 remains in line with management expectationsat that time. International Financial Reporting Standards (IFRS) The first year that the company will report under IFRS will be the financialyear ending 30 September 2006, with comparatives for 2005. The estimated impactof adopting IFRS on the results for the year ended September 2004 has beenassessed, but has not been audited. Excluding the impact of derivativeaccounting under IAS39, profit before tax, amortisation and exceptional chargeswould have been marginally lower, mainly due to pensions accounting. AdjustedEPS would have been 0.5 pence lower (or 0.5 per cent) at 101.1 pence followingthe pensions adjustment. Basic EPS would have been 19.1 pence higher (or 31.1per cent) at 80.5 pence, further allowing for non-amortisation of goodwill. As aresult of the combined impact of balance sheet changes in accounting forpensions, goodwill and dividends, total net assets would have been around £0.5billion higher at £0.6 billion. A copy of today's presentation will be available on the corporate websitewww.imperial-tobacco.com from noon. Interim results for the year ended 30 September 2005 will be announced onTuesday 26 April 2005. ENDS ENQUIRIES Alex Parsons Nicola Tate and John Nelson-SmithImperial Tobacco Group Imperial Tobacco GroupGroup Media Relations Manager Investor Relations ManagersTel +44 (0)117 933 7241 Tel: +44 (0)117 933 7082/7032 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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