Brewin Dolphin

Accounting Errors - A State Of Denial?

This report reviews disclosures made by companies when their financial statements have been restated to correct prior period errors.

Brewin Dolphin Holdings plc Period End 27 September 2009

No error admitted, as client relationships with finite lives separated from goodwill
UK investment manager Brewin Dolphin restates its accounts to recognise at the balance sheet date £37 million client relationships subject to amortisation separately from goodwill, leading to a 12% decrease in comparative profit, but treats this as a change of accounting policy rather than correction of an error.

Brewin Dolphin Holdings plc Period End 30 September 2007

Brewin Dolphin Annual Report Year 2008

Goodwill reduced by 14.9%, but acquisition concerned not disclosed

UK investment manager Brewin Dolphin reduces goodwill by £9.8 million or 14.9%, but does not explain clearly the reason for the change or disclose which acquisition or acquisitions are concerned, leading to a lack of clarity.


Belated disclosure of indemnity payments for directors

UK investment manager Brewin Dolphin discloses that indemnity payments have been made on behalf of directors, though the information should have been disclosed also for the previous year.

Brewin Dolphin plc Period End 30 September 2005

Providing for those in difficulty
UK fund manager Brewin Dolphin records as an exceptional item a £5 million payment to a fund for those who lost money in split capital trusts.