R E L A T E D C O N T E N T

St James's reveals IFRS assets impact

Gavin Hinks, Accountancy Age 01 Mar 2005

Operating profits up 43% at St James's place as assets prepare to fall under new standards.

St James's Place, the financial services group, has revealed group net assets could be reduced by as much as £10m when it reports its results using international accounting standards.

Link: BAE Systems holds off on full IFRS restatement

The company said today (Tuesday) that despite the reduction in assets there would be no significant difference in reported statutory profits. Group operating profits up are up 43% to £82.2m.

St James said it estimates that IFRS2 will reduced future profitability of the group by £1.5m per annum.

IFRS will also produce 'some significant presentational changes to both the revenue statements and balance sheet', it said.

This is because a combination of standards will produce a deferral of costs and income resulting from new business.

M A R K E T P L A C E

V-SOL Premium Tracking available to the CHANNEL!

V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!

Claim Your Free IT Spend Audit Now!

Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now

WAN based Vulnerability Assessment

WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.

Web-based Expenses Software

As recognised by the Accountancy Age Awards 2004, 2005 and 2006.

Online Time Clock (Web Based)

Online Time & Attendance Tracking 30 Day Free Trial ( $49 a year )

Have your product or service listed here >

J O B S

European Credit Analyst

| Holden Jones Ltd

We are seeking an experienced individual to join this highly successful international organisation, taking responsibility for most aspects of its EMEA credit function. The majority of your role will be to support the Credit and ... more >

Audit Partner

| WH Marks Sattin

Audit Partner - £90,000 ... more >

Audit Seniors Needed – Caribbean – Tax Free/Low Tax Income – Paradise Island Lifestyle

| Personnel 2000

Our client are a unique business offering a comprehensive range of integrated services leveraging a global network work of resources and knowledge. Personnel 2000 are recruiting for several Audit Senior positions through their client’s Caribbean ... more >

Commercial Finance Manager

| Holden Jones Ltd

Global Company are offering an exciting opportunity to an ambitious and experienced Qualified Accountant. Based at their UK HQ in Newbury, the Commercial Finance Manager will have complete responsibility for a division of the business ... more >

More Jobs in Finance