ias accounting policies

The coming into force of CE regulation No. 1606/2002, passed by the European Parliament and the European Council in July 2002, implies that companies with shares admitted to negotiations in a regulated European Union member state market, starting from 2005, must draw up their consolidated financial statements in keeping with the international accounting standards (IAS/IFRS) issued by the International Accounting Standards Board (IASB), if approved at community level and published in the European Community Official Gazette (ECOG).

In particular, as allowed by the Securities and Exchange Commission, the Edison Group adopts the international accounting standards starting from the interim report 2005, differentiating their application in the Edison SpA financial statements at 2006.

The document describes the transition of the accounts ledgers of the Edison Group to the international accounting standards.