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Net income was restated to reflect a reduction of taxes after a potential tax liability was amortized, the company said.
That compares with profits of £343m last year, which were restated to reflect changes to the way pensions are accounted for.
The results for the quarter and previous periods were restated to reflect a 2-for-1 stock split effective on July 30.
The year-earlier revenue and earnings figures were restated to reflect Cigna's sale of its property and casualty business in the middle of last year.
Earnings dating back to 2000 will be restated to reflect the higher expenses, uncovered by a committee set up to investigate the company's options policy, Broadcom said in a statement.
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BEA Systems, whose software helps computer servers exchange information, said yesterday that it would restate results to reflect expenses associated with misdated stock option grants.
ImClone Systems, which is working to develop the cancer drug Erbitux, said it plans to restate its financial results going back to 2001 and maybe earlier–to reflect tax liabilities associated with former Chief Executive Samuel Waksal's stock options.
But JPMorgan, the subcommittee noted, later had to restate its earnings to reflect the overly rosy estimates.
Some companies are being forced to restate recent earnings to reflect a new, more conservative approach to accounting.
Bristol-Myers Squitb said it would restate its financial results to reflect its retreat from controversial inventory practices.
The Bristol-Myers Squibb Companyesterdaysthatay that it would restate its financial results to reflect its retreat from controversial inventory practices.
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restored to reflect
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restated to determine
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