Adoption of FRS 101 - Reduced Disclosure Framework

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 Andy Pendlebury, CEO Sarah Dye, Group Finance Director	Tel:  [phone]
WH Ireland (Nominated Adviser and Broker) Katy Mitchell / Liam Gribben	Tel:  [phone]

 

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