TDC Adopts IFRS
April 28 2005 - 4:53AM
PR Newswire (US)
TDC Adopts IFRS KOBENHAVN C, Denmark, April 28
/PRNewswire-FirstCall/ -- TDC is changing accounting policies to
comply with the requirements under the International Financial
Reporting Standards (IFRS) and its quarterly report for 1Q 2005
will be based on changed accounting policies. This stock exchange
release explains the primary IFRS implications for TDC and presents
comparative historical figures. The primary changes resulting from
the adoption of IFRS are: * goodwill is no longer amortized *
recognition of pensions is changed * share-based compensations are
expensed * indirect production costs related to development
projects are expensed * presentation of financial data is changed.
Please find the full release attached to the link below. For
further information please contact TDC Investor Relations at +45
3343 7680. http://hugin.info/2234/R/991748/149505.pdf DATASOURCE:
TDC A/S CONTACT: TDC Investor Relations: +45-3343-7680 Web site:
http://www.tdc.com/ http://hugin.info/2234/R/991748/149505.pdf
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