Close Brothers

Close Brothers Group plc Period End 31 July 2011

Submitted by YWang on Wed, 2012-01-25 15:27
Close Brothers Group plc Annual Report 2011
CR Monitor Issue: 
2012/0111
Company covered: 
Close Brothers Group plc
Period End: 
31 July 2011
Report issued on 25 January 2012 covered the following practice issues:
Change
Impairment arising from an adjusting post balance sheet reduces profit by 31.4%.
Change
Businesses within Asset Managment division disposed of classified as discontinued operations.
Change
Changes in disclosures in a note to operating profit before tax including more detailed disaggregations.

Close Brothers Group plc Period End 31 July 2009

Submitted by Company Reporting on Wed, 2009-12-02 12:00
Close Brothers Group plc Annual Report 2009

Materiality threshold on goodwill lowered as impairments recognised
UK bank Close Brothers moves to disclose its goodwill by material cash-generating unit (CGU), having previously stated that there were no material CGUs, in a year in which goodwill impairments reduce pre-tax profit by 18%.

Liquidity issues lead to substantial reclassification out of cash
UK bank Close Brothers reclassifies as a non-cash item £751 million available for sale floating rate notes, representing 76% of a fall in cash and cash equivalents over the year.