Reporting Statement 'Retirement benefits - disclosures'

HMV Group plc Period End 24 April 2010

HMV Group plc Annual Report 2010
Sensitivity information begins to map high volatility of pensions
UK entertainment supplier HMV voluntarily discloses the sensitivities of its defined benefit pension obligations to changes in four assumptions, after a 43.4% increase in obligations over the year.

Greene King Plc Period End 2 May 2010

Greene King Plc Annual Report 2010
Distributable reserves increase by 39% through use of a vehicle company to structure rights issue
UK pub company Greene King uses a vehicle company to structure a rights issue and to create distributable reserves of £197.1 million.

Profit boosted by 15% following a gain on partial repurchase of securitised debt
Gain on partial repurchase of securitised debt boosts profit of UK pub company Greene King by £13.5 million.

Greene King Plc Period End 2 May 2010

Greene King Plc Annual Report 2010
VAT refund recorded as income in treatment that we consider imprudent and conflicts with peers
UK pub company Greene King recognises £6.8 million income on a VAT refund representing 6.7% of profit which would be repaid if the tax authorities win an appeal, in treatment that we consider imprudent and conflicts with peers.

Distributable reserves increase by 39% through use of a vehicle company to structure rights issue
UK pub company Greene King uses a vehicle company to structure a rights issue and to create distributable reserves of £197.1 million.

Profit boosted by 15% following a gain on partial repurchase of securitised debt
Gain on partial repurchase of securitised debt boosts profit of UK pub company Greene King by £13.5 million.

Compass Group plc Period End 30 September 2009

Compass Group plc Annual Report 2009

New goodwill impairment sensitivity analysis not fully in accordance of IFRS
UK catering company Compass publishes a goodwill impairment sensitivity analysis showing changes in assumptions that would eliminate headroom in the UK & Ireland cash-generating unit but, by not disclosing the amount of headroom, reduces its usefulness.

Debenhams plc Period End 29 August 2009

Debenhams plc Annual Report 2009

Retailer provides more detail on goodwill
UK retailer Debenhams discloses the allocation of goodwill at regional level and discloses that its impairment tests assume increased margins following on a change in sales mix, though no impairment of goodwill is recognised.

Northgate plc Period End 30 April 2009

Northgate plc Annual Report 2009

Impairments bite deep as goodwill in six businesses written off

Following a sudden and prolonged period of reduced vehicle utilisation and declines in the residual values of used vehicles, UK vehicle rental company Northgate recognises £181 million impairments of goodwill, intangibles and vehicle fleet, leading to a pre-tax loss for the year.


Treasury share reserve and retained earnings reduced to reflect fall in share price

UK vehicle rental company Northgate transfers £5.5 million out of its “own shares” reserve to in respect of a “market value adjustment”, reducing retained earnings by 11%.

Misys plc Period End 31 May 2009

Significant exceptional items of different natures presented net on income statement

UK software company Misys discloses a small net gain as exceptional on the face of its income statement above operating profit that results from large items with opposite effects including a gain on part-disposal of a business and restructuring and integration costs.

The Scottish Investment Trust plc Period End 31 October 2008

The Scottish Investment Trust Annual Report 2008

Sensitivity analyses provided for two major foreign currencies
UK investment trust The Scottish Investment Trust publishes sensitivity analyses for the US dollar and euro representing 71% of its total foreign currency exposure.