Business
Statement re. IFRS
Statement re. IFRS.
About this update from Filtronic Plc
[{"type":"text","content":"\n Filtronic PLC\n24 January 2006\n\n\n 24 January 2006\n\n Filtronic plc\n International Financial Reporting Standards\n\nIn prior years Filtronic plc prepared its consolidated financial statements\naccording to UK Generally Accepted Accounting Practice (UK GAAP). From 1 June\n2005 Filtronic plc is required to prepare its consolidated financial statements\nin accordance with International Financial Reporting Standards (IFRS).\nConsequently Filtronic plc's first results to be reported in accordance with\nIFRS will be the interim results for the six months ended 30 November 2005,\nwhich will be announced on Monday 30 January 2006.\n\nThe comparative financial information for the six months ended 30 November 2004\nand the year ended 31 May 2005 have been restated in accordance with IFRS as\nreported below.\n\n\nConsolidated Income Statement\n\n 6 months ended 30 November 2004\n Continuing Discontinued\n operations operation Total\n note £000 £000 £000\n\nRevenue 103,168 26,973 130,141\n ======== ======== ========\n\nOperating (loss)/profit (1,329) 4,311 2,982\n\nGain on disposal of\nproperty 2,372 - 2,372\nFinance income 3 431 - 431\nFinance costs 4 (2,281) - (2,281)\n -------- -------- --------\n(Loss)/profit before\ntaxation (807) 4,311 3,504\nTaxation (1,668) - (1,668)\n -------- -------- --------\n(Loss)/profit after\ntaxation (2,475) 4,311 1,836\n -------- -------- --------\n(Loss)/profit for the\nperiod (2,475) 4,311 1,836\n ======== ======== ========\n\n(Loss)/earnings per share\nBasic 5 (3.31)p 5.77p 2.46p\nDiluted 5 (3.31)p 5.76p 2.45p\n\n\nThe (loss)/profit for the period is attributable to the equity shareholders of\nthe parent.\n\n\nConsolidated Income Statement\n\n Year ended 31 May 2005\n Continuing Discontinued\n operations operation Total\n note £000 £000 £000\n\nRevenue 212,891 49,974 262,865\n ======== ======== ========\n\nOperating profit 5,650 5,554 11,204\n\nGain on disposal of\nproperty 2,356 - 2,356\nFinance income 3 607 - 607\nFinance costs 4 (4,624) - (4,624)\n -------- -------- --------\n\nProfit before taxation 3,989 5,554 9,543\nTaxation (241) - (241)\n -------- -------- --------\nProfit after taxation 3,748 5,554 9,302\n -------- -------- --------\nProfit for the period 3,748 5,554 9,302\n ======== ======== ========\nEarnings per share\nBasic 5 5.01p 7.43p 12.44p\nDiluted 5 5.00p 7.41p 12.41p\n\n...