Surveying OFRs And Narrative Reporting In Annual Reports - Part 3

Article by Martyn Jones, Sarah Kershaw, Ian Krieger, Alice Patrick, Kirsty Searles, Isobel Sharp and David Viles

APPENDIX 1 – ILLUSTRATIVE OFT – DELTO PLC

This illustrative Operating and Financial Review was developed to provide good examples of the typical disclosures which will be required of a UK quoted company which is complying with Reporting Standard 1.

The Operating and Financial Review is based on a hypothetical company which is the parent of a group of companies. The wording used in this Operating and Financial Review is purely illustrative and in practice will need to be modified to reflect the circumstances of a Group and its business. Similarly, the structure of the illustrative OFR set out below will not necessarily be appropriate for all companies and therefore the structure of other OFRs is likely to be different. In places, the illustrative OFR utilises examples set out in the illustrative guidance to RS 1. It will probably also contain internal