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BHP - Transition to International Financial Reporting Standards (IFRS)
BHP Billiton Plc
egistration number 3196209
egistered in England and Wales
Share Code: BIL
ISIN: GB0000566504
NEWS RELEASE
TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
BHP BILLITON RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2004
BHP Billiton advises that results for the half year ended 31 December 2004, and
balance sheet as at 30 June 2004 have been prepared under IFRS.
Application of IFRS has no impact on BHP Billiton`s strategy or cash flows. The
majority of IFRS have little or no impact on either the Group`s financial
results as previously reported under UKGAAP, or existing accounting policies.
For the half year ended 31 December 2004, net profit under IFRS of US$2.827
billion was US$70 million higher than under UK Generally Accepted Accounting
Principles (UKGAAP).
At 31 December 2004, IFRS attributable shareholders equity was US$14.336
billion, US$10 million lower than under UKGAAP.
Details of the Group`s IFRS results, and explanations of differences to those
previously reported under UKGAAP are available at www.bhpbilliton.com.
Further information on BHP Billiton can be found on our Internet site:
http://www.bhpbilliton.com
Australia United Kingdom
Jane Belcher, Investor Relations Mark Lidiard, Investor & Media
Tel: +61 3 9609 3952 Relations
Mobile: +61 417 031 653 Tel: +44 20 7802 4156
email: Jane.H.Belcher@bhpbilliton.com email: Mark.Lidiard@bhpbilliton.com
Tracey Whitehead, Investor Relations Alison Gilbert, Investor Relations
Tel: +61 3 9609 4202 Tel: +44 20 7802 4183
Mobile: +61 419 404 978 Mobile: 44 77 69 93 6227
email: email: Alison.Gilbert@bhpbilliton.com
Tracey.Whitehead@bhpbilliton.com
Tania Price, Media Relations Ariane Gentil, Media Relations
Tel: +61 3 9609 3815 Tel: +44 20 7802 4177
Mobile: +61 419 152 780 email: Ariane.Gentil@bhpbilliton.com
email: Tania.Price@bhpbilliton.com
United States South Africa
Mark Lidiard, Investor & Media Michael Campbell, Investor & Media
Relations Relations
Tel: US +1 713 599 6100 or Tel: +27 11 376 3360
UK +44 20 7802 4031 Mobile: +27 82 458 2587
email: Mark.Lidiard@bhpbilliton.com email:
Michael.J.Campbell@bhpbilliton.com
19 May 2005
Date: 19/05/2005 08:38:07 AM
Produced by the JSE SENS Department |
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