Daily Telegraph (UK): Shell shock: "Shell said a planned adoption of new international financial reporting standards next year will knock $4.9billion off its pension assets…" (ShellNews.net) 23 Nov 04

Shell said a planned adoption of new international financial reporting standards next year will knock $4.9billion off its pension assets, but insisted that its pension scheme remained well funded. Total debt will rise by $200m under the changes.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/11/23/cnbul23.xml