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Financial highlights From the Chairman From the Chief Executive
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for the year ended 30 September 1999 |
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| 28 PROFIT AND LOSS ACCOUNT
At 30 September 1999, options had been granted and remained outstanding over 20,403,847 new Ordinary shares, as follows:
With effect from 1 October 1998, the Group has adopted new accounting standards FRS10 to 14. Pursuant to FRS10 goodwill on acquisition will henceforth be capitalised and amortised over its useful economic life and non-marketable intangible assets of £15.1m (together with related deferred tax of £4.1m) previously carried in the balance sheet have been de-recognised as another reserve movement. Under the transitional provisions of FRS10, goodwill written off on acquisitions in prior years has not been reinstated. The financial effect of the changes arising on introduction of these new standards is immaterial and prior year accounts have not been restated. In the comparative period the charge for amortisation of non-marketable intangible assets was £3.0m and the related tax credit was £0.8m. Exchange differences in the Group are net of the movement on foreign currency borrowings and balance sheet hedging of £3.9m. Included within the Company's profit and loss account at 30 September 1999 was an amount of £909.3m which was not distributable at that date.
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