Dignity

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Dignity plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0805
Period End: 
26 June 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5377 Specialized Consumer Services
Auditor: 
Ernst & Young
Pronouncements
Non-consolidation of funeral plan trusts continues under new rules.
Change
End of collateralisation of liquidity facility increases cash and cash equivalents in statement of cash flows.