Topps Tiles

Topps Tiles plc Period End 29 September 2007

Topps Tiles Annual Report 2007

Share premium of £0.6 million credited to merger reserve

UK retailer Topps Tiles credits premium of £0.6 million on shares issued as part consideration for an acquisition to merger reserve.

Topps Tiles plc Period End 30 September 2006

Costs of share buy back included in operating result

UK retailer Topps Tiles includes in result from operations, the £1.1 million costs of a £122 million share buy back that leaves it with net liabilities of £63 million.

 

Lack of transparency on share-based payment schemes

UK retailer Topps Tiles recognises a £66,000 expense for share-based payments, but its disclosures of the underlying calculations are unclear.