Clarins Group presented on schedule to the financial community the audited impact of new international financial reporting standards (IFRS) on the 2004 and interim financial statements. Detailed analysis is available at clarins-finance.com.
The impact of the changeover on the 2004 income statement, the balance sheet and statement of cash flows is relatively marginal.
France based cosmetic company Clarins is a French family-run business, began international activity in the early 70's when the first contracts with exclusive distributing agents were signed. The first subsidiaries were organized in the 80's starting with the USA in 1981. Today, the Clarins Group is made up of 19 subsidiaries across 150 countries with more than 5367employees and a 2002 annual turnover of 922.6M€.
marketing@alchempro.com
