Connaught

Connaught plc Period End 31 August 2009

Connaught plc Annual Report 2009

Fine treated as an adjusting post balance sheet event reduces profit by 17%
UK equipment maintenance company Connaught treats as an adjusting event a £5.6 million post balance sheet fine imposed by the Office of Fair Trading that reduces its pre-tax profit by 17%.

Connaught plc Period End 31 August 2008

Treatment of adjustments to prior year acquisitions conflicts with IFRS
UK equipment maintenance company Connaught includes adjustments to prior year acquisitions in current year movements contrary to IFRS, and disclosure of adjustments lacks clarity.