Disclosure Of Material Accounting Policy Information [Text Block]

Auction Technology Group PLC - Filing #2617028

Concept 2023-10-01 to
2024-09-30
Disclosure of material accounting policy information [text block]
1. Accounting policies
Description of accounting policy for borrowings [text block]
Classification and subsequent measurement of financial liabilities
Description of accounting policy for business combinations and goodwill [text block]
Business combinations
Description of accounting policy for deferred income tax [text block]
Deferred tax is provided on temporary differences between the carrying amounts of assets
Description of accounting policy for depreciation expense [text block]
Depreciation is charged to the Consolidated
Description of accounting policy for derecognition of financial instruments [text block]
Financial assets are derecognised when the contractual rights to the cash flows from the financial
Description of accounting policy for determining components of cash and cash equivalents [text block]
Cash and cash equivalents
Description of accounting policy for earnings per share [text block]
Adjusted earnings excludes share-based payment expense, exceptional items (operating and
Description of accounting policy for employee benefits [text block]
Employee benefits
Description of accounting policy for exceptional items [text block]
Exceptional operating items
Description of accounting policy for fee and commission income and expense [text block]
Commission fees
Description of accounting policy for financial assets [text block]
Classification and subsequent measurement of financial assets
Description of accounting policy for financial instruments [text block]
Financial instruments
Description of accounting policy for foreign currency translation [text block]
Foreign currency
Description of accounting policy for functional currency [text block]
Functional currency
Description of accounting policy for hedging [text block]
Hedge accounting
Description of accounting policy for impairment of assets [text block]
Goodwill
Description of accounting policy for impairment of non-financial assets [text block]
Impairment of non-financial assets (excluding goodwill)
Description of accounting policy for income tax [text block]
Taxation
Description of accounting policy for leases [text block]
Leases
Description of accounting policy for loans and receivables [text block]
Financial assets at amortised cost
Description of accounting policy for intangible assets other than goodwill [text block]
Intangible assets
Description of accounting policy for interest income and expense [text block]
All income and expenses relating to financial assets that are recognised in the Consolidated
Description of accounting policy for property, plant and equipment [text block]
Property, plant and equipment
Description of accounting policy for recognising in profit or loss difference between fair value at initial recognition and transaction price [text block]
Recognition, initial measurement and derecognition
Description of accounting policy for recognition of revenue [text block]
Revenue recognition
Description of accounting policy for restricted cash and cash equivalents [text block]
Restricted cash includes cash held by the Group which can only be used to exchange or settle a
Description of accounting policy for share-based payment transactions [text block]
Share-based payments
Description of accounting policy for subsidiaries [text block]
On consolidation, the assets and liabilities of foreign operations are translated into US dollars
Description of accounting policy for trade and other payables [text block]
The Group’s financial liabilities include borrowings, contract liabilities and trade and
Description of accounting policy for trade and other receivables [text block]
Financial assets at amortised cost are non-derivative financial assets with fixed or determinable

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