FRS 21 (IAS 10) 'Events after the balance sheet date'

Murray Income Trust plc Period End 30 June 2007

Submitted by Company Reporting on Sun, 2007-11-04 00:00

Murray Income Trust
FTSE Mid 250
United Kingdom
Accounting errors
FRS 21 (IAS 10) 'Events after the balance sheet date'
FRS 25 (IAS 32) 'Financial instruments: presentation'
Post balance sheet events

Restatement reveals previous error in accounting for treasury shares

UK investment trust Murray Income Trust restates its prior year balance sheet to correct an error in treating treasury shares as if they had been cancelled.

Add new comment

Cambridge Antibody Technology Group plc Period End 30 September 2005

Submitted by Company Reporting on Thu, 2006-02-16 00:00

Cambridge Antibody Technology
Listed
United Kingdom
FRS 21 (IAS 10) 'Events after the balance sheet date'
FRS 26 (IAS 39) 'Financial instruments: recognition and measurement'
IAS 38 'Intangible assets'
IFRS 2005
IFRS 1 'First-time adoption of International Financial Reporting Standards'
IFRS 2 'Share-based payment'
Post balance sheet events
SSAP 17 'Accounting for post balance sheet events'

To adjust or not to adjust
UK health care company Cambridge Antibody Technology accounts for proceeds received from a post balance sheet settlement of litigation as an adjusting event but its auditors have changed their mind and conclude subsequent to publication that under IFRS it is a non-adjusting event.