H&T Group PLC Adoption of Financial Reporting Standard (FRS) 101 (5807I)
December 10 2015 - 2:00AM
UK Regulatory
TIDMHAT
RNS Number : 5807I
H&T Group PLC
10 December 2015
10 December 2015
H&T Group plc
("H&T" or "the Company")
Adoption of Financial Reporting Standard (FRS) 101 - Reduced
Disclosure Framework
Following the publication of FRS 100 'Application of Financial
Reporting Requirements' by the Financial Reporting Council, H&T
is required to change the accounting framework for its entity
financial statements and those of its subsidiaries H&T Finance
Limited and Harvey and Thompson Limited, which currently adopt
United Kingdom Generally Accepted Accounting Standards (UK GAAP).
It is intended for the year ended 31 December 2015 and future years
that the parent entity and its subsidiaries adopt FRS 101 "Reduced
Disclosure Framework", based on International Financial Reporting
Standards (IFRS) as adopted by the European Union.
Objections to the use of the disclosure exemptions may be served
by a shareholder or shareholders holding in aggregate 5% or more of
the total allotted shares of the Company in writing to Steve
Fenerty, the Company's Finance Director, at its registered office
(Times House, Thowley Way, Sutton, Surrey, SM1 4AF) not later than
31 December 2015.
H&T's consolidated financial statements are unaffected by
this change, and will continue to be prepared in accordance with
International Financial Reporting Standards (IFRSs) as adopted by
the European Union.
ENDS
For further information:
H&T Group plc
Tel: 020 8225 2797
John Nichols, Chief Executive
Steve Fenerty, Finance Director
Numis Securities (Broker and Nominated Adviser)
Tel: 020 7260 1000
Etienne Bottari / Freddie Barnfield - Nominated Adviser
Mark Lander - Corporate Broking
Haggie Partners (Public Relations)
Tel: 020 7562 4444
Damian Beeley
Brian Norris
This information is provided by RNS
The company news service from the London Stock Exchange
END
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