Enterprise Inns

Fair value measurement disclosures - other assets: an emerging issue under IFRS

This report surveys fair value measurement disclosures on assets other than financial instruments, investment property and bearer plants.  Our sample covers biological assets, land and buildings, non-financial assets held in defined benefit pension schemes and cash-generating units whose recoverable amount is calculated using fair value less costs to sell. We note a predominance of classification at Level 3, indicating use of unobservable inputs.

Enterprise Inns plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0905
Period End: 
31 March 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5757 Restaurants & Bars
Auditor: 
Ernst & Young
Pronouncements
Valuation of licensed land and buildings on highest and best use basis introduced.
Change
Impending liability disclosed on post balance sheet annuity buyout of defined benefit section of pension plan.
Change
VAT repayment disclosed as event after the reporting period.

Enterprise Inns plc Monitor

Enterprise Inns plc Annual Report 2013
CR Monitor Issue: 
2014/0215
Company covered: 
Enterprise Inns plc
Period End: 
30 September 2013
Report issued on 25 February 2014 covered the following practice issues:
Pronouncements
Directors' remuneration report adapts to new UK requirements.
Divergence
Company increases comparative staff costs by 16% without explanation.
Pronouncements
External auditors' report expanded according to new requirements.

Auditor's fee disclosures

This report focuses on companies’ disclosures of the fees paid to auditors both for audit and non-audit services. It considers specifically the presentation format by which companies analyse audit services received and fees paid in their respect. 

Enterprise Inns plc Monitor

Enterprise Inns plc Annual Report 2012
CR Monitor Issue: 
2013/0209
Company covered: 
Enterprise Inns plc
Period End: 
30 September 2012
Report issued on 11 February 2013 covered the following practice issues:
Change
Disclosures on auditors' remuneration and independence expanded.
Pronouncements
Potential impact of IFRS 13 on property assets identified.

Impacts Of Changes To Corporation Tax, an emerging issue under IFRS

This report reviews a small sample of UK companies  that disclose the impact of the government’s announced change to corporation tax.

VAT Refund - Income Or A Liability?

We have reviewed the treatment of VAT refunds by a small sample of companies pending a decision by the European Court of Justice.

Enterprise Inns plc Period End 30 September 2010

Enterprise Inns plc Annual Report Year
Recognition of a VAT refund as current provision contrasts with peers
UK pub company Enterprise Inns recognises a £6 million VAT refund as a current provision in treatment that contrasts with one group of peers which records a non-current payable or other liability and another group which recognises income.

Net charge on cancellation of swaps as a result of refinancing debt represents 45% of loss
Following refinancing its debt, UK pub company Enterprise Inns cancelled interest rate swaps relating to the original debt and recognises a £14 million net charge on one swap previously accounted for as a cash flow hedge, that represents 45% of pre-tax loss.