UK companies are increasing the amount of
non-mandatory information in their half-yearly financial reports, a
Deloitte survey found.

Nine out of ten of corporates disclosed
information on the main business risks and the number of companies
reporting going concern uncertainties is growing.

In particular, 3% of companies, compared to
none in 2010, had an ‘emphasis of matter’ paragraph to stress
significant uncertainties on whether the business is a going

The survey also found that almost half of
corporates met or exceeded the required information on principal
risks and uncertainties. Non-mandatory key-performance indicators
were provided by 98% of survey participants.

The research Split and polish:
Surveying half-yearly financial reporting
surveyed 30
investments trusts and 100 corporates in 350 companies, equally
split by market capitalisation in the London Stock Exchange.

It revealed that only 13% of corporates and 3%
of trusts met all the requirements for the narrative element of the
half-yearly report demonstrating compliance with the rules on
interim management.

Deloitte senior technical partner Isobel Sharp
said 2012 will be a quiet year as far as changes in the rules for
half-yearly financial reports and “this presents an opportunity for
those corporates to improve and polish up 2012 reports,
particularly in areas where results are split,” Sharp