2004 reporting changes
This presentation covers five topics. These are:
- adoption of FRS 17, the new UK standard for pension and post-retirement benefit reporting
- implementation of new UK reporting requirements related to our Employee Stock Ownership Plans
- further consolidation of our global NGL operations into our Gas, Power and Renewables Segment. This is merely a movement between Segments and does not impact the overall Group result
- changes in the way we will handle identified non-operating items when reporting our results
- additional disclosure and reporting on operating cash flow. This is intended to provide greater transparency and comparability with others in our industry
