Sale and leaseback

Enterprise Inns plc Period End 30 September 2010

Submitted by Alisdair on Tue, 2011-01-25 14:27
Enterprise Inns plc Annual Report Year
Recognition of a VAT refund as current provision contrasts with peers
UK pub company Enterprise Inns recognises a £6 million VAT refund as a current provision in treatment that contrasts with one group of peers which records a non-current payable or other liability and another group which recognises income.
Net charge on cancellation of swaps as a result of refinancing debt represents 45% of loss
Following refinancing its debt, UK pub company Enterprise Inns cancelled interest rate swaps relating to the original debt and recognises a £14 million net charge on one swap previously accounted for as a cash flow hedge, that represents 45% of pre-tax loss.

FirstGroup plc Period End 31 March 2009

Submitted by Company Reporting on Thu, 2009-08-13 23:00

£23.1 million loss arises from reduction in estimated fuel usage for the next year

UK transport company FirstGroup reduces its expectation of fuel consumption for the next financial year, with a £23.1 million expense arising from recycling to the income statement cumulative losses on the related cash flow hedges that reduces its pre-tax profit by more than 10%.

Dairy Crest Group plc Period End 31 March 2009

Submitted by Company Reporting on Wed, 2009-08-05 23:00
Dairy Crest Group plc Annual Report Year 2009

Net gain on disposals represents 45% of pre-tax profit

UK food producer Dairy Crest generates net gain of £45.9 million from disposal of a joint venture and another business that represents some 45% of profit before tax.

Insurance policies purchased to reduce pension risk

UK food producer Dairy Crest pays £150 million to insure obligations to retired pensioners amounting to £114 million at the year-end that represent 20% of its total pension obligations.

Dairy Crest Group plc Period End 31 March 2009

Submitted by Alisdair on Wed, 2009-08-05 23:00
Dairy Crest Group plc Annual Report Year 2009

Net gain on disposals represents 45% of pre-tax profit

UK food producer Dairy Crest generates net gain of £45.9 million from disposal of a joint venture and another business that represents some 45% of profit before tax.

Insurance policies purchased to reduce pension risk

UK food producer Dairy Crest pays £150 million to insure obligations to retired pensioners amounting to £114 million at the year-end that represent 20% of its total pension obligations.