Dunelm

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.

Operating leases - Dunelm Group plc

Period End: 
2 July, 2016
Period End Date: 
2016-07-02
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5375 Home Improvement Retailers
Auditor: 
PricewaterhouseCoopers

Dunelm Group plc Monitor

Dunelm Group plc Annual Report 2016
CR Monitor Issue: 
2017/0212
Company covered: 
Dunelm Group plc
Period End: 
2 July, 2016
Report issued on 27 February 2017 covered the following practice issues:
Change
Identification of “brexit risk” as a new principal risk factor.
Change
Change in accounting policy related to borrowing costs.
Restatement
Restatement of figures in cash flow from financing activity without explanation.
Change
Extended disclosure in relation to financial risks like credit risk, liquidity risk and market risks.

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. 

Dunelm Group PLC Monitor

Dunelm Group PLC Annual Report 2014
CR Monitor Issue: 
2015/0307
Company covered: 
Dunelm Group PLC
Period End: 
28 June 2014
Report issued on 17 March 2015 covered the following practice issues:
Restatement
Accruals and deferred income liabilities amounting to 43.9% of total current liabilities, classified as non-current.
Change
Additional disclosures on recognition of intangible assets.
Change
Valuation method for share options at date of grant disclosed.
Change
Deferred tax offset policy disclosed.
Change
Financial instruments distinguished into three categories.

Dunelm Group plc Monitor

Dunelm Group plc Annual Report 2012
CR Monitor Issue: 
2012/1117
Company covered: 
Dunelm Group plc
Period End: 
30 June 2012
Report issued on 22 November 2012 covered the following practice issues:
Change
Long-term incentives and SAYE gain added to total directors' remuneration table.
Change
UK Bribery Act 2010 impacts disclosed in corporate governance report.
Restatement
Restatement of loss on cash flow hedges.

Segmental information - Dunelm Group plc

Period End: 
3 July 2010
Period End Date: 
2010-07-03
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5375 Home Improvement Retailers
Auditor: 
KPMG

Dunelm Group plc

Dunelm Group plc Annual Report 2011
CR Monitor Issue: 
2012/0207
Company covered: 
Dunelm Groups plc
Period End: 
02 July 2011
Report issued on 13 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Fuller presentation of key risks and uncertainties in tabular format.
Change
Disclosure of authorised share capital omitted from accounts.