2797 Industrial Suppliers

Diploma plc 31 September 2011

Submitted by YWang on Mon, 2012-01-16 14:12
Diploma plc Annual Report 2011
CR Monitor Issue: 
2012/0105
Company covered: 
Diploma plc
Period End: 
30 September 2011
Report issued on 16 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reduction in pension liabilities as a result of changing inflation assumption from RPI to CPI recognised as an actuarial gain.
Change
Changes made to KPIs including introduction of underlying organic revenue growth.
Change
Cash flows relating to acquisition of minority interests classified as financing activities.
Change
Risk disclosures expanded and now include capital management risk.

Wolseley plc Period End 31 July 2010

Submitted by Alisdair on Mon, 2010-11-22 10:07
Wolseley plc Annual Report 2010
Inventory expensed corrected to include deliveries between third parties
UK building materials supplier Wolseley has changed its accounting policy to include £901 million arising from deliveries between its suppliers and customers in inventory expensed, increasing the comparative total by 9.5%, with no effect on cost of sales or profit.
Associate impaired below net asset value
UK building materials supplier Wolseley writes off the £41 million net asset value of an interest in an associate as it considers the amount may be irrecoverable, reducing profit before tax by 14%.

Wolseley plc Period End 31 July 2009

Submitted by Company Reporting on Wed, 2009-11-25 16:03

Discontinued operation represents 38% of loss for year
UK building materials distributor Wolseley classifies a US business as discontinued whose trading losses and loss on disposal together represent 38% of a £1.2 billion post-tax loss for the year.

Cashbox vehicle company used to create distributable reserves
UK building materials distributor Wolseley uses a cashbox vehicle company to create £720 million distributable reserves through a rights issue.

Electrocomponents plc Period End 31 March 2009

Submitted by Company Reporting on Sun, 2009-09-13 23:00
Electrocomponents plc Annual Report 2009

Pension scheme restrictions increase pre-tax profit by 22%

UK electronics company Electrocomponents recognises in the income statement pension curtailment and past service gains that together reduce its pension deficit by half and increase pre-tax profit by 22%, with past service credit recognised immediately on expiry of a window for early retirement.