Aspo Plc will publish its first financial statements compiled in accordance with International Financial Reporting Standards (IFRS) for the year ending December 31, 2005.
The key balance sheet and shareholder equity changes generated by replacing FAS (Finnish Accounting Standards) with IFRS are related to employee benefits, market valuations of shares, leasing agreement and the amortization of goodwill.
The bulletin shows the opening IFRS balance sheet as of the transition date January 1, 2004 together with the reconciliation of shareholders' equity. Comparative IFRS data is presented for the consolidated income statement and balance sheet for the fiscal year 2004 and for the first quarter 2004. All IAS and IFRS standards approved as of the disclosure date have been taken into account when compiling comparative data.
Interim 2005 reports will be compiled in accordance with the recognition and measurement principles of IFRS.
The bulletin is not audited.
ASPO Plc
For further information please contact
Dick Blomqvist, CFO, +358 9 7595 300 or +358 40 7595 300
dick.blomqvist@aspo.fi
