Iomart

Impending Changes: Disclosure of IFRS 15 Impacts

This report focuses on the disclosures given by companies in respect of the impending impacts of the new revenue standard IFRS 15 “Revenue from contracts with customers”. It considers the level of detail given by companies to determine the standard of qualitative information that companies disclose in relation to future changes in accounting policy and to what extent to date we have seen companies give quantitative information as to the impact the standard will have when it is adopted.

Iomart Group plc Monitor

Iomart Group plc Annual Report 2015
CR Monitor Issue: 
2016/0210
Company covered: 
Iomart Group plc
Period End: 
31 March, 2015
Report issued on 19 February 2016 covered the following practice issues:
Pronouncements
Scope of guidance in impending revenue Standard noted.
Change
Terms of post balance sheet acquisition disclosed.

Iomart plc Monitor

Iomart plc Annual Report Year
CR Monitor Issue: 
2012/1109
Company covered: 
Iomart plc
Period End: 
31 March 2012
Report issued on 14 November 2012 covered the following practice issues:
Change
Information on acquisition strategy disclosed in context of risk disclosures.
Change
Separate disclosure of current income tax liability on face of balance sheet.
Restatement
Change in concept of adjusted profit.