Disclosure Of Material Accounting Policy Information [Text Block]

Genuit Group PLC - Filing #5870762

Concept 2024-01-01 to
2024-12-31
Disclosure of material accounting policy information [text block]
2. Summary of material accounting policies
Description of accounting policy for borrowings [text block]
Loans and borrowings
Description of accounting policy for business combinations [text block]
2.4 Business combinations
Description of accounting policy for deferred income tax [text block]
Deferred income tax
Description of accounting policy for depreciation expense [text block]
Depreciation is provided on the cost less residual value of property, plant and equipment,
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]
2.19 Cash and short-term deposits
Description of accounting policy for discounts and rebates [text block]
2.6.1 Sale of goods
Description of accounting policy for dividends [text block]
2.23 Cash dividend
Description of accounting policy for employee benefits [text block]
2.20 Pensions
Description of accounting policy for fair value measurement [text block]
2.17 Fair values
Description of accounting policy for financial assets [text block]
i
Description of accounting policy for financial instruments [text block]
2.15 Financial instruments – initial recognition and subsequent measurement
Description of accounting policy for financial instruments at fair value through profit or loss [text block]
Financial liabilities at fair value through profit or loss
Description of accounting policy for financial liabilities [text block]
ii
Description of accounting policy for foreign currency translation [text block]
2.5 Foreign currency translation
Description of accounting policy for functional currency [text block]
The Group’s consolidated financial statements are presented in Pounds Sterling, which is also
Description of accounting policy for goodwill [text block]
2.4.1 Goodwill
Description of accounting policy for hedging [text block]
2.16 Derivative financial instruments and hedge accounting
Description of accounting policy for impairment of financial assets [text block]
Impairment
Description of accounting policy for impairment of non-financial assets [text block]
2.13 Impairment of non-financial assets
Description of accounting policy for income tax [text block]
2.8 Income taxes
Description of accounting policy for leases [text block]
2.14 Leasing
Description of accounting policy for measuring inventories [text block]
2.18 Inventories
Description of accounting policy for intangible assets other than goodwill [text block]
2.4.2 Other intangible assets
Description of accounting policy for interest income and expense [text block]
2.7 Interest income
Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]
2.12 Assets classified as held-for-sale
Description of accounting policy for offsetting of financial instruments [text block]
iii
Description of accounting policy for property, plant and equipment [text block]
2.9 Property, plant and equipment
Description of accounting policy for provisions [text block]
2.25 Provisions
Description of accounting policy for recognition of revenue [text block]
2.6 Revenue from contracts with customers and interest income
Description of accounting policy for research and development expense [text block]
2.11 Research and development costs
Description of accounting policy for share-based payment transactions [text block]
2.22 Share-based payments
Description of accounting policy for treasury shares [text block]
2.24 Own shares

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