Discontinued operation contributes 58% of loss for year UK travel business TUI Travel classifies as discontinued in the current year a business bought exclusively with a view to resale last year, whose trading and impairment losses contribute 58% of its total loss for the year.
Corporate reporting takes further steps online UK travel business TUI Travel incorporates video content into the online version of its annual report by reference, whilst the auditor’s report cites a webpage on audit scope following amendment to the UK version of an International Auditing Standard.
Possibility of winding up draws comment from auditors The auditors of Guernsey-based investment company MW TOPS add to their unqualified audit report a matter of emphasis paragraph addressing a shareholders’ vote on winding up the company.