Computacenter PLC FRS 101 Notification (1573Q)
25 2월 2016 - 8:30PM
UK Regulatory
TIDMCCC
RNS Number : 1573Q
Computacenter PLC
25 February 2016
Computacenter plc
Notification to Shareholders in accordance with FRS 101
Computacenter plc announces that it has sent a notice to its
shareholders, the full text of which is set out below.
Notification to shareholders on parent company financial
statements: Adoption of Financial Reporting Standard (FRS) 101 -
Reduced Disclosure Framework
The financial statements for the year ended 31 December 2014 of
Computacenter plc (the "Company"), the parent company of the
Computacenter Group, as set out on pages 118 to 122 of the
Company's 2014 Annual Report and Accounts, were prepared in
accordance with UK Generally Accepted Accounting Practice (UK
GAAP). The 2014 Annual Report and Accounts can be found on the
Company's website at www.computacenter.com.
A new UK GAAP accounting framework introduced by the Financial
Reporting Council (FRC) became mandatorily effective for the
financial statements of UK companies with accounting periods
commencing on or after 1 January 2015. Under this new framework,
the Company is required to elect to prepare its parent company
financial statements for its financial year commencing 1 January
2015 on one of the new bases permitted by the FRC.
The Company proposes to adopt FRS 101 "Reduced Disclosure
Framework" (FRS 101) for its parent company financial statements
for the year ending 31 December 2015 and to take advantage of the
permitted disclosure exemptions allowed under FRS 101. Following
adoption of FRS 101, the financial position of the parent company,
and the related disclosures after taking the possible exemptions
permitted under FRS 101, are expected to be the same as, or follow
closely, those reported under previous UK GAAP.
The Company's decision to adopt FRS 101 for its parent company's
financial statements does not require shareholder approval, and no
resolution will be tabled at the Annual General Meeting. However,
due to the election to take the possible disclosure exemptions
permitted under FRS 101, the Company is required to notify all
shareholders of this election and any shareholder or shareholders
holding in aggregate 5 per cent or more of the total allotted
shares in the Company may serve an objection. Objections must be
served in writing and delivered to the Company Secretary at the
Company's registered office (Hatfield Avenue, Hatfield,
Hertfordshire, AL10 9TW) not later than 4 March 2016.
This notification will apply on an ongoing basis until such time
as the Company notifies its shareholders of any change to its
chosen accounting framework for the parent company financial
statements.
The consolidated financial statements of the Group will continue
to be prepared in accordance with EU-adopted International
Financial Reporting Standards (IFRS) and are unaffected by this new
accounting framework.
In accordance with Listing Rule 9.6.1, a copy of the
notification sent to shareholders has been submitted to the
National Storage Mechanism and will shortly be available at
www.hemscott.com/nsm.do
This announcement is made pursuant to Listing Rule 9.6.3.
Name: Simon Pereira
Company Secretary
Address: Computacenter plc
Hatfield Avenue
Hatfield
Hertfordshire
AL10 9TW
Telephone: 01707 631 000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 25, 2016 06:30 ET (11:30 GMT)
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