Shire

Shire plc Period End 31 December 2005

Group restructuring accounted for as reverse acquisition creates distributable reserves
UK health care company Shire is installed as a new holding company under a Court approved scheme of arrangement and creates distributable reserves of $2.95 billion that offset a retained earnings deficit of $1.1 billion.


Goodwill on transition reduces by $231 million
UK health care company Shire redenominates goodwill as asset of each acquired company and currency movements result in a reduction of 11.3% in the carrying value of goodwill.