The publication considers how UK listed companies have implemented the new requirements for a twice-yearly interim management statement (IMS) in the first year of compliance with the Disclosure and Transparency Rules (DTR). In particular, it surveys interim management statements of UK listed companies (including separate consideration of investment trusts), reviews compliance with the new rules and compares the findings to the 2007 Deloitte publications "Early Learning" and "Early Learning II". It also contains an illustrative IMS, an IMS disclosure checklist containing all the requirements and three example IMSs.

The survey found that only 9% of the selected companies clearly complied with all of the IMS requirements. 4% of companies simply failed to issue an IMS and 6% were late in publishing their statements.

For more information download our First IMpressionS - The first year’s interim management statements (PDF 6707KB).