1 / 17

Impact of IFRS

Foto gebouw. Impact of IFRS. Disclaimer.

lenore-holder
Download Presentation

Impact of IFRS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Foto gebouw Impact of IFRS

  2. Disclaimer • By its nature, the information in this presentation involves numerous assumptions, uncertainties and opportunities, both general and specific. We caution readers of this presentation not to place undue reliance on this information as a number of factors could cause future Group results to differ materially. • All data in this document are unaudited and are meant as indications necessary to illustrate the changes introduced by IFRS which will affect future reportings. • KBC undertakes no obligation to revise or update any information to reflect changes in policy, events, expectations or otherwise.

  3. Content • Disclosure headlines • Impact on financial statements 2004 • Impact on financial statements 2005

  4. Headlines 1 2 3 Headlines – Impact 2004 – Impact 2005

  5. Disclosure schedule, 2005 • New IFRS templates • FY04 IFRS income statement and B/S (excl. impact IAS 32/39 and IFRS 4) Mar 23, 2005 • Impact of IAS 32/39 on shareholders equity in opening B/S of 1-Jan-05 Apr 28, 2005 • 1Q05 earnings (full set of IFRS interim financial statements and notes) • 1Q04, 2Q04, 3Q04 and 4Q04 earnings (IFRS reference P/L and B/S, incl. segments, excl. impact of IAS 32/39 and IFRS 4) Jun 9, 2005 Headlines – Impact 2004 – Impact 2005

  6. Segment information, 2005 * Temporarly solution for 2005: KBL and Gevaert as non-integrated divisions Headlines – Impact 2004 – Impact 2005

  7. Main changes in valuation rules, 2004 Headlines – Impact 2004 – Impact 2005

  8. IFRS Income statement FY 2004* Headlines – Impact 2004 – Impact 2005 * Non-audited figures (excl. impact of IFRS 4 and IAS 32/39)

  9. Impact on profit 2004* - KBC Old Provisions -92 1758 Other Goodwill DBP Fixedassets Tax Lease -10 +38 -34 1659 +5 +0.4 -7 Net profit2004 IFRS Net profit2004 BEL GAAP * Non-audited figures (excl. impact of IFRS 4 and IAS 32/39) Headlines – Impact 2004 – Impact 2005

  10. Impact on profit 2004 - KBC Mergco 1682 Provisions* Other -97 Goodwill -29 DBP +89 Fixedassets -35 Lease Tax 1615 +3 +0.4 +2 Net profit2004 IFRS Net profit2004 BEL GAAP Non-audited figures excl. impact of IFRS 4 and IAS 32/39 * Mainly related to reversal of the use of the provision for financial risks in the insurance business Headlines – Impact 2004 – Impact 2005

  11. Impact on EPS 2004 * * Non-audited figures (excl. impact of IFRS 4 and IAS 32/39) Headlines – Impact 2004 – Impact 2005

  12. IFRS Balance sheet, 31-Dec-04 * * non-audited figures (indicative only), excl. impact of IFRS 4 and IAS 32/39 Headlines – Impact 2004 – Impact 2005

  13. Impact on BPS, 31-Dec-04 * * non-audited figures excl. impact of IFRS 4 and IAS 32/39, based on 307.7m shares for ‘KBC old’ and on 359.5 m shares for ‘KBC Mergco’ Headlines – Impact 2004 – Impact 2005

  14. Main changes in valuation rules, 2005 Headlines – Impact 2004 – Impact 2005

  15. Disclosure schedule 2005 - reminder • Impact of IAS 32/39 on shareholders equity in opening B/S of 1-Jan-05 Apr 28, 2005 • 1Q05 earnings (full set of interim IFRS financial statements and notes, incl. impact of IAS 32/39 and IFRS 4) Jun 9, 2005 Headlines – Impact 2004 – Impact 2005

  16. Indicative composition of portfolios* * Figures for KBC pre-merger, book value according to B-GAAP Headlines – Impact 2004 – Impact 2005

  17. Annex Disclosure on IFRS available in the annual report at www.kbc.com: • Description of major differences between IFRS and B-GAAP • Full P/L and B/S 2004 IFRS with reconciliation to B-GAAP, for both ‘KBC’ (old) and ‘KBC Group’ (Mergco)

More Related