ANNEX U.K. INTERNATIONAL ACCOUNTING STANDARDS

IFRIC INTERPRETATION 1 Changes in existing decommissioning, restoration and similar liabilities

TRANSITION U.K.

10 Changes in accounting policies shall be accounted for according to the requirements of IAS 8 Accounting policies, changes in accounting estimates and errors (1). U.K.

(1)

If an entity applies this interpretation for a period beginning before 1 January 2005, the entity shall follow the requirements of the previous version of IAS 8, which was entitled Net profit or loss for the period, fundamental errors and changes in accounting policies, unless the entity is applying the revised version of that standard for that earlier period.