Adoption of IFRS standards in financial reporting
Kyro Corporation Stock Exchange Release 6 April 2005 4.30 pmAdoption of IFRS standards in financial reporting Kyro Group has adopted International Financial Reporting Standards (IFRS) in itsfinancial reporting from the beginning of 2005. The most significant changes tothe Group's result and balance sheet arise from a change in revenue recognitionpolicies, the capitalisation of product development expenses, the accounting ofsubsidiaries share options and the replacement of goodwill amortisation withannual impairment testing. The effects of IFRS changes on the 2004 income