Government grants

Ricardo plc Period End 30 June 2007

Ricardo Annual Report 2007

Government grants excluded from revenue

UK automotive consultancy Ricardo relocates £1.1 million income from government grants, representing 9% of profit, from revenue to cost of sales. This brings to light non-compliance with IFRS disclosure requirements in the previous year.


Little to fear from updated mortality tables

UK automotive consultancy Ricardo discloses that it has changed the mortality tables it uses to quantify its pension deficit to 2000 tables, but with little effect.

FirstGroup plc Period End 31 March 2007

FirstGroup Annual Report 2007

Risks disclosed but not key performance indicators 
UK transport company FirstGroup discusses its risks and performance but remains silent in respect of key performance indicators.