ASB study on capital management disclosures

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14 Dec 2010

The UK Accounting Standards Board (ASB) has conducted a study into financial capital management disclosures based largely on published annual reports and accounts of 65 companies across all market sectors.

25 companies appeared to have given no IAS 1 capital management disclosures at all. The annual reports and accounts of the residual 40 companies were then reviewed in more detail covering both the business review and the audited financial statements. Even though the study concludes that there is good practice in places the overall finding is:

"The majority of companies omitted or provided largely boilerplate information about financial capital in a manner that failed to convey meaningfully how they assess capital and how they manage it over the medium to long term. There are significant opportunities for improvement in reporting about capital."

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