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Survey of IFRS presentation and disclosure practices in UK

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06 Feb 2008

Deloitte & Touche (United Kingdom) has surveyed the presentation and disclosure practices under IFRSs of 100 UK listed companies, based on annual reports published between August 2006 and July 2007. The objectives of the survey were to determine:

  • How the disclosure requirements of IFRSs are interpreted in practice
  • The underlying trends in presentation of IFRS financial statements
  • The extent to which the format is still influenced by UK GAAP reporting requirements

Among the issues illustrated in the report are:

  • What is included in operating profit
  • Non-GAAP performance measures
  • Choice of SORIE or SOCIE in reporting changes in equity
  • Classifications in the cash flow statement
  • Accounting policy disclosures
  • Disclosures of critical judgements and key sources of estimation uncertainty
  • Segment reporting
  • Defined pension pension plans
  • Impairments
  • Associates and joint ventures
Click to download a Summary of Survey Findings (PDF 747k).


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