Disclosure Of Material Accounting Policy Information [Text Block]

RANK GROUP PLC - Filing #2404673

Concept 2023-07-01 to
2024-06-30
Disclosure of material accounting policy information [text block]
Summary of significant accounting policies
Description of accounting policy for borrowings [text block]
After initial recognition, interest-bearing loans and borrowings are subsequently measured
Description of accounting policy for business combinations [text block]
1.3 Business combinations and goodwill
Description of accounting policy for contingent liabilities and contingent assets [text block]
Contingent liabilities are possible obligations and present obligations that are not
Description of accounting policy for customer acquisition costs [text block]
(e) Customer relationships
Description of accounting policy for deferred income tax [text block]
(b) Deferred tax
Description of accounting policy for depreciation expense [text block]
Depreciation is calculated on assets using the straight-line method to allocate their cost less
Description of accounting policy for derecognition of financial instruments [text block]
Derecognition
Description of accounting policy for determining components of cash and cash equivalents [text block]
1.16 Cash and short-term deposits
Description of accounting policy for discontinued operations [text block]
Discontinued operations are excluded from the results of continuing operations and are
Description of accounting policy for dividends [text block]
1.20 Dividends
Description of accounting policy for employee benefits [text block]
1.15 Employee benefit costs
Description of accounting policy for financial assets [text block]
1.8 Financial assets
Description of accounting policy for financial guarantees [text block]
(c)
Description of accounting policy for financial instruments at fair value through profit or loss [text block]
(b)
Description of accounting policy for financial liabilities [text block]
1.9 Financial liabilities
Description of accounting policy for foreign currency translation [text block]
1.7 Foreign currency translation
Description of accounting policy for functional currency [text block]
The consolidated and company financial statements are presented in UK sterling (‘the
Description of accounting policy for goodwill [text block]
(a) Goodwill
Description of accounting policy for impairment of assets [text block]
1.14 Impairment or subsequent reversal of previously recognised impairment
Description of accounting policy for income tax [text block]
1.18 Taxation
Description of accounting policy for issued capital [text block]
1.19 Share capital
Description of accounting policy for leases [text block]
1.10 Leases
Description of accounting policy for measuring inventories [text block]
1.17 Inventories
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]
The Group classifies non-current assets and disposal of an asset as held for sale if their
Description of accounting policy for intangible assets and goodwill [text block]
1.13 Intangible assets
Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]
1.6 Non-current assets held for sale and discontinued operations
Description of accounting policy for offsetting of financial instruments [text block]
Offsetting of financial instruments
Description of accounting policy for property, plant and equipment [text block]
1.12 Property, plant and equipment
Description of accounting policy for provisions [text block]
1.11 Provisions, contingent liabilities and regulatory matters
Description of accounting policy for recognition of revenue [text block]
1.4 Revenue recognition
Description of accounting policy for research and development expense [text block]
(c)
Description of accounting policy for segment reporting [text block]
1.5 Segment reporting
Description of accounting policy for share-based payment transactions [text block]
(b) Share-based compensation
Description of accounting policy for subsidiaries [text block]
1.21 Investments

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