Life expectancy assumptions reduced following change of tables used London Stock Exchange changes the tables used for mortality assumptions resulting in lower life expectancies.
Reclassification of a bond as a fixed rate instrument prompts prior year adjustment
London Stock Exchange changes to account for a bond as a fixed rather than a floating rate instrument and restates its prior year comparatives whereby pre-tax profit reduces by £7.7 million.
£484 million goodwill impairments lead to a loss for the year
London Stock Exchange recognises £484 million impairments against goodwill, mostly relating to a prior year acquisition, leading to a loss for the year.
Clearing business assets and liabilities arise from acquisition
Following an acquisition, London Stock Exchange recognises clearing business assets and liabilities with carrying values of £17.3 billion, that represent 88% of total assets and 95% of total liabilities respectively.
Reverse acquisition accounting adopted London Stock Exchange undergoes a restructuring whereby a new holding company is installed using reverse acquisition accounting.
Capital redemption reserve created but net liabilities arise London Stock Exchange creates a capital redemption reserve of £259 million following return of cash to shareholders and share buy-back.