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UITF

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AcronymDefinition
UITFUnit Investment Trust Fund
UITFUrgent Issue Task Force


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For share awards other than stock options, the charge to the Group's income statement is based on the intrinsic value (market value on grant date) of the award, spread over the relevant performance period, in accordance with UITF 38 (Accounting for ESOP trusts).
5) ---------------------------------------------------------------------- (1) Restated on implementation of UITF 38 (Accounting for ESOP Trusts).
The foregoing accounts are prepared on the basis of the accounting policies set out in the 2004 Annual Report for the year to March 31, 2004, except for the change in accounting policy in respect of UITF 38 (see note 9).
 
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