RTC Group PLC Adoption of FRS 101 - Reduced Disclosure Framework (9563I)
December 14 2015 - 6:26AM
UK Regulatory
TIDMRTC
RNS Number : 9563I
RTC Group PLC
14 December 2015
RTC Group plc
("RTC" 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, RTC is
required to change the accounting framework for its entity
financial statements and those of its subsidiaries ATA Recruitment
Limited, Ganymede Solutions Limited, ATA Global Staffing Solutions
Limited and the Derby Conference Centre 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 Company 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 Sarah Dye,
the Company's Finance Director, at its registered office The Derby
Conference Centre, London Road, Derby, DE24 8UX not later than 15
January 2016.
RTC's consolidated financial statements are unaffected by this
change, and will continue to be prepared in accordance with IFRS as
adopted by the European Union.
ENDS
Enquiries:
RTC Group plc
Bill Douie, Executive Chairman Tel: 01332
Andy Pendlebury, CEO 861 844
Sarah Dye, Group Finance Director
WH Ireland (Nominated Adviser and
Broker) Tel: 0113
Katy Mitchell / Liam Gribben 394 6600
This information is provided by RNS
The company news service from the London Stock Exchange
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