Debenhams

Risk and viability in the strategic report

In light of recent high-profile collapses such as Carillion, the reporting by companies of risks and long-term viability is once again in the spotlight. Investors and other stakeholders expect detailed, specific information in the annual report which clearly sets out the key risks facing the company and the potential impact of these risks on the company’s longer-term viability. This report analyses the consolidated financial statements of 20 UK listed companies to assess the quality of risk and viability reporting in the annual report.

Segment disclosures and the chief operating decision maker under IFRS

This report sets out our findings in respect of a review of the IFRS segment disclosures of 25 UK listed companies, drawn from a range of different industries, as covered by IFRS 8 “Operating segments”. We consider a number of points including disclosures in respect of the chief operating decision maker, the factors used to identify reportable segments and whether there has been aggregation of operating segments and income statement and statement of financial position information reported by segment.

Financial instruments: Liquidity risk disclosures - Debenhams plc

Period End: 
3 September, 2016
Period End Date: 
2016-09-03
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers

Brexit Disclosures in Listed Company Annual reports

The referendum vote to leave the European Union (EU) has undoubtedly led to uncertainty for business and will potentially have far reaching impacts for companies from many different industries. This report, pulled together in March 2017, focuses on the information that companies have disclosed within their annual reports during the latter half of 2016. It sets out disclosures around risk as well as the disclosure of Brexit impacts which have already been felt and the resulting ramifications.

Retirement benefits - Debenhams plc

Period End: 
3 September, 2016
Period End Date: 
2016-09-03
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers

Operating Lease disclosures under IFRS

This report sets out our findings in respect of a review of the operating lease disclosures when acting as lessee of 35 companies listed on the London stock exchange. We consider a number of points including the disclosure, as currently governed under IFRS by IAS 17 “Leases”, of total future minimum lease payments focusing on the assets identified and the time periods presented; disclosure of minimum sublease payments expected to be received; disclosure of lease and sublease payments recognised in the period; and disclosure of the general terms of significant leasing arrangements including contingent rent payable basis, the existence and terms of renewal or purchase options and escalation clauses and restrictions imposed by lease arrangements such as those concerning dividends, additional debt and further leasing. 

Debenhams plc Monitor

Debenhams plc Annual Report 2016
CR Monitor Issue: 
2017/0202
Company covered: 
Debenhams plc
Period End: 
3 September, 2016
Report issued on 7 February 2017 covered the following practice issues:
Change
Table of principal risk disclosures expanded to include new risk factors in respect of “systems availability & cyber security” and “key personnel".
Change
Change in presentation of income statement from single column to multi-column format.
Change
Exceptional costs highlighted in respect of "examinership" and restructuring of Irish business.

Debenhams plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0701
Period End: 
28 February 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers
Change
Sensitivity analysis of pension obligations published.
Change
Disclosure of reduction in tax payments on adoption of UK GAAP Standard.
Change
Finance costs analysed into recurring and non-recurring.

Debenhams plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0711
Period End: 
01 March 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers
Pronouncements
Revised pension rules reduce profit before tax by 9.74%.
Pronouncements
Disclosures on financial instruments at fair value introduced.
Change
Additional disclosure on lease incentives.