Dividends no longer to be shown in P/L statement

For accounting periods beginning 1 January 2005 dividends on ordinary shares are not to be shown in the profit and loss account statement but instead shown in a note to reserves.

Is everyone aware of this?

The changes were made to the standards as a result of ammendments to the Companies Act 1985 implementing the Modernisation Directive.
Philip Hodgson

Comments
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final dividends year ended 31 December 2005

AnonymousUser |

Distribution

yeboyye |

Thank you Philip (H)

AnonymousUser |

much better this way

AnonymousUser |

dividends have been moved

yeboyye |

Dividends no longer to be shown in P/L statement per FRSSE

vtsoftware |

Good to see someone is doing their CPD

Chris Smail |
Chris Smail's picture