British American Tobacco Essay Example | Topics and Well Written Essays - 1750 words

British American Tobacco - Essay ExampleThis is not required under for the most part accepted accounting standards in United Kingdom. As of December 2004, this resulted to superfluous deferred tax liability of 49 million pounds ( January 1, 2004 and 40 million pounds ) And for the stratum ended Dec 31, 2005 an supererogatory charge of 7 million pounds. beneath IFRS, it is necessary to provide deferred tax on the difference betwixt the carrying honours and tax base of pluss in operations which use inflation accounting, and also all differences between the carrying values and tax base for land and buildings. As of December 2004, these resulted to an additional deferred tax liability of 16 million pounds. Under United Kingdom GAAP, the final dividend for the year is provided but on knave 84 in accounting policy 15, under International financial accounting standards, it is should be provided in the year it is declared. Under United Kingdom Generally Accepted accounting principl es, certain of the groups make do ground compensation plans did not result in a charge as they had no value or were finance thru issue of new shares of stocks. However the schemes financed by the purchase of shares did have value and were aerated to operating arrive at over the vesting period based on the share price at the appointment of grant. Under International financial accounting standards, all share schemes provide result in a charge based on fair market value of the grant as described on page 82 in accounting policy no. 7. e) Under the United Kingdom generally accepted accounting principles and international financial reporting standards, basic lolly per share are based on the profit attributable to ordinary earnings per share as based on the profit attributable to ordinary shareholders during this period. (This excludes shares held by the groups two employee share ownership trusts.) The difference between United ground Generally accepted accounting principles and inter national financial reporting standards figures is the due to the result of different interference of the profit and amortisation of goodwill. For the United Kingdom generally accepted accounting principles, the adjusted diluted earnings per share uses same shares, investment costs written off, profit on disposal of subsidiaries and fixed asset investments, goodwill amortisation/impairment of brands and the exceptional credits arising from tax recoveries in Reynolds America in 2004.e) Under the International Financial Reporting Standards, the group will report regional clientele segments regional business as for United Kingdom Generally Accepted Accounting Principles. But Group costs, which are somatic costs that are not directly attributable to a particular segment of reporting will now be shown as a separate line in the segmental analysis.f) On page 83 in accounting policy 15, International Accounting Standards no 32 and International Accounting standards no 39 on the financial instruments will be used prospectively effectively starting January 1, 2005. source Directors report and account 2004.British American Tobacco.COMMENT We have to follow the international fin