View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
March 12, 2012

More companies report non-mandatory information

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 concern.

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 concluded.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin