Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Thursday 23 June, 2005

Brambles Industries

IFRS & Adoption of US dollars

Brambles Industries PLC
23 June 2005

23 June 2005

                       Announcement of IFRS Briefing and
              Adoption of US dollars as IFRS Presentation Currency

Brambles is today holding a teleconference for analysts and investors regarding
the anticipated impact of International Financial Reporting Standards (IFRS) on
Brambles' 30 June 2004 Balance Sheet and results for the year ending 30 June

The IFRS briefing will contain no new trading information. It will also be
available via a live audio webcast on the Brambles website ( at
8.30am BST, 5.30pm AEST. An archived version will be available approximately
four hours after the end of the live event. A copy of the presentation material
to be used for the briefing will also be available on the Brambles website.

Brambles' profit after tax for the year ending 30 June 2005 is expected to be
approximately £26 million higher under IFRS than it would be under UK GAAP. The
difference is principally due to the exclusion of goodwill amortisation of £28
million after tax.

Net assets in the 30 June 2004 Opening Balance Sheet are expected to be
approximately £46 million higher under IFRS than under UK GAAP. This reflects
the net after tax effect of the following:

   •the recognition of defined benefit pension plan deficits, £67 million
   •the reversal of the UK GAAP dividend provision, £65 million higher (in
    line with AGAAP);
   •the alignment of goodwill with the AGAAP balance, £54 million higher; and
   •the incorporation of other minor adjustments.

No impact on cash flows is anticipated.

IFRS will simplify the reporting of financial results for Brambles enabling a
single set of combined accounts to be produced for both Brambles Industries
Limited and Brambles Industries plc.

Under IFRS, Brambles has also decided to adopt US dollars as the presentation
currency for its combined financial statements for the year ending 30 June 2006
and beyond. Trading denominated in US dollars is the fastest growing area of
activity in Brambles.

The Group's first reported results under IFRS, in US dollars, will be for the
six months to 31 December 2005 and the first full year reported under IFRS will
be that ending 30 June 2006. Comparative financial results for the year ending
30 June 2005, under IFRS and in US dollars, will be issued by December 2005.

Any dividends for the six months to 31 December 2005 and for subsequent periods
will continue to be paid in Australian dollars and pounds sterling as is the
current practice.


The information provided is Brambles' current best estimate of the consequences
of adopting IFRS. It has not been independently verified or audited and
therefore remains subject to change. Continued development and interpretation of
accounting standards by relevant authorities could affect the ultimate
differences between UK GAAP, AGAAP and IFRS and their impact on the Group's
results in future periods. No representation or warranty is made as to the
accuracy, completeness or reliability of the information.

Contact details


Investor   Sue Scholes, Head of Investor Relations   +44 (0)20 7659 6012

Media      Richard Mountain, Financial Dynamics      +44 (0)20 7269 7291


Investor   John Hobson, Head of Investor Relations   +61 (0)2 9256 5216
                                                     +61 (0)414 239 188 (mobile)

Media      Michael Sharp, Vice President,            +61 (0)2 9256 5255
           Corporate Affairs

                Brambles is globally headquartered in Australia

                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t