Disclosure Of Material Accounting Policy Information [Text Block]

Smiths Group PLC - Filing #2332046

Concept 2023-08-01 to
2024-07-31
Disclosure of material accounting policy information [text block]
Significant accounting policies
Description of accounting policy for borrowing costs [text block]
Borrowings are initially recognised at the fair value of the proceeds, net of related transaction
Description of accounting policy for business combinations [text block]
Business combinations
Description of accounting policy for business combinations and goodwill [text block]
Intangible assets acquired in business combinations
Description of accounting policy for deferred income tax [text block]
Deferred tax is provided in full using the balance sheet liability method. A deferred tax asset is
Description of accounting policy for depreciation expense [text block]
Land is not depreciated. Depreciation is provided on other assets estimated to write off the
Description of accounting policy for derecognition of financial instruments [text block]
Financial assets are derecognised when the right to receive cash-flows from the assets has
Description of accounting policy for derivative financial instruments and hedging [text block]
Derivative financial instruments and hedging activities
Description of accounting policy for determining components of cash and cash equivalents [text block]
Cash and cash equivalents
Description of accounting policy for discontinued operations [text block]
Discontinued operations
Description of accounting policy for dividends [text block]
Dividends
Description of accounting policy for employee benefits [text block]
Employee benefits
Description of accounting policy for fair value measurement [text block]
Fair value of financial assets and liabilities
Description of accounting policy for financial instruments [text block]
Financial assets
Description of accounting policy for financial liabilities [text block]
Financial liabilities
Description of accounting policy for foreign currency translation [text block]
Foreign currencies
Description of accounting policy for goodwill [text block]
Goodwill
Description of accounting policy for hedging [text block]
Fair value hedge
Description of accounting policy for impairment of assets [text block]
Impairment reviews of intangible assets
Description of accounting policy for income tax [text block]
Taxation
Description of accounting policy for leases [text block]
Leases
Description of accounting policy for measuring inventories [text block]
Inventories
Description of accounting policy for intangible assets and goodwill [text block]
Intangible assets
Description of accounting policy for investment in associates and joint ventures [text block]
Interests in associates are accounted for using the equity method. They are initially recognised at
Description of accounting policy for property, plant and equipment [text block]
Property, plant and equipment
Description of accounting policy for provisions [text block]
Provisions
Description of accounting policy for recognition of revenue [text block]
Revenue
Description of accounting policy for research and development expense [text block]
Research and development
Description of accounting policy for share-based payment transactions [text block]
Share-based compensation
Description of accounting policy for trade and other receivables [text block]
Trade and other receivables

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