Abano advises early adoption of IFRS

Abano Healthcare Group has today advised that it has adopted the New Zealand International Financial Reporting Standards (NZIFRS), and will be reporting future financial results under these new accounting standards.

Previously, Abano produced its accounts under New Zealand Generally Accepted Accounting Principles (NZGAAP). The company will report under NZIFRS for the first time in its interim results for the six months to 30 November 2005, and its first full financial statements under NZIFRS

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