IDOX PLC Adoption of Financial Reporting Standard (6725K)
23 September 2016 - 6:44PM
UK Regulatory
TIDMIDOX
RNS Number : 6725K
IDOX PLC
23 September 2016
23 September 2016
Idox plc
("Idox" or the "Company")
Adoption of Financial Reporting Standard (FRS) 101 and 102 -
Reduced Disclosure Framework
Idox announces that following the publication of FRS 100
'Application of Financial Reporting Requirements' by the Financial
Reporting Council, the Company is required to change the accounting
framework for its entity financial statements and those of its
subsidiaries which currently adopt United Kingdom Generally
Accepted Accounting Standards (UK GAAP).
The parent company's financial statements for the year ended 31
October 2015, as set out on pages 75 to 83 of the Company's 2015
Annual Report, were prepared in accordance with UK Generally
Accepted Accounting Practice ("UK GAAP"). The 2015 Annual Report
can be found on the Company's website at
http://investors.idoxgroup.com/.
It is intended for the year ended 31 October 2016 and future
years that the parent company and its trading subsidiaries adopt
FRS 101 'Reduced Disclosure Framework', based on International
Financial Reporting Standards (IFRS) as adopted by the European
Union, and that dormant subsidiaries will adopt FRS 102 'Reduced
Disclosure Framework'.
Idox's consolidated financial statements are unaffected by this
change, and will continue to be prepared in accordance with
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 Jane Mackie,
Company Secretary, at its registered office (Idox plc, Second
Floor, 1310 Waterside, Arlington Business Park, Theale, RG7 4SA)
not later than 23 October 2016.
Enquiries:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Chairman
Richard Kellett-Clarke, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson
Liz Yong
MHP (Financial PR) +44 (0)20 3128 8100
Reg Hoare/Andrew Leach/Charlie Barker
About Idox plc
Idox plc is a supplier of specialist document management
collaboration solutions and services to the public sector and
increasingly to highly regulated asset intensive industries around
the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications
provider to UK local government for core functions relating to
land, people and property, such as its market leading planning
systems and election management software. Over 90% of UK local
authorities are now customers. The Division provides public sector
organisations with tools to manage information and knowledge,
documents, content, business processes and workflow as well as
connecting directly with the citizen via the web, and providing
elections management solutions. It also supplies in the UK and
internationally, decision support content such as grants and
planning policy information and corporates compliance services.
The Engineering Information Management Division delivers
engineering document control, project collaboration and facility
management applications to many leading companies in industries
such as oil & gas, architecture and construction, mining,
utilities, pharmaceuticals and transportation in North America and
around the world.
The Group employs over 660 staff located in the UK, the USA,
Canada, Europe, India and Australia.
For more information see www.idoxplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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September 23, 2016 04:44 ET (08:44 GMT)