Broad brush approach taken for goodwill impairment testing UK retailer Halfords discloses that it will monitor goodwill on its former business on an overall rather than on a regional basis, following an acquisition, though there are no goodwill impairments on the current year.
Cosmetic changes made to aid “an understanding of the key drivers of the financial position” UK financial company Man changes the presentation of the notes to its financial statements to reflect their order of significance and to assist an understanding of the key drivers of its financial position.
Gains representing 7.5% of profit recognised following exchange of assets Following asset exchanges, UK graphics chip designer Imagination Technologies reports gains of £761,000 representing 7.5% of profit.
Restatement of comparatives following reverse acquisition conflicts with IFRS UK telecoms company Cable & Wireless Communications restates its prior year comparative share capital and share premium following a restructuring by means of a reverse acquisition.
Discontinued operation contributes 41% of profit UK telecoms company Cable & Wireless Communications reports $180 million profit from a discontinued operation, which represents some 41% of profit for the year.
Several prior year errors corrected UK utility company Severn Trent corrects prior year errors in its calculation of fair values of its borrowings and disclosure of movements in equity.