Disclosure Of Material Accounting Policy Information [Text Block]

RS Group PLC - Filing #2043689

Concept 2023-04-01 to
2024-03-31
Disclosure of material accounting policy information [text block]
Description of accounting policy for borrowings [text block]
Description of accounting policy for deferred income tax [text block]
they relate to items
Description of accounting policy for depreciation expense [text block]
No depreciation has been charged on freehold land. Other assets are depreciated to residual value,
Description of accounting policy for determining components of cash and cash equivalents [text block]
Description of accounting policy for discounts and rebates [text block]
discounts are calculated by estimating the expected
Description of accounting policy for fair value measurement [text block]
Description of accounting policy for finance income and costs [text block]
the construction of an asset that necessarily takes a
Description of accounting policy for foreign currency translation [text block]
Foreign currency
Description of accounting policy for functional currency [text block]
The Group accounts for the year ended 31 March 2024 are presented in sterling and rounded to
Description of accounting policy for goodwill [text block]
the consideration of an acquisition over the fair
Description of accounting policy for government grants [text block]
operty, plant and equipment are credited to the
Description of accounting policy for hedging [text block]
principally forward foreign exchange contracts and
Description of accounting policy for impairment of assets [text block]
assess if there are any indications the assets may
Description of accounting policy for impairment of financial assets [text block]
measured at an amount e
Description of accounting policy for measuring inventories [text block]
t realisable value. Cost is calculated on a weighted
Description of accounting policy for intangible assets other than goodwill [text block]
or fair value at the date of acquisition, less
Description of accounting policy for investments in joint ventures [text block]
The Group accounts comprise the results, assets and liabilities of the Company and all its subsidiaries
Description of accounting policy for provisions [text block]
Description of accounting policy for recognition of revenue [text block]
4 Revenue recognition

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