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iGAAP Alert: November 2010

TECH 02/10 Guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006

iGAAP Alert: November 2010



Guidance on distributable profits has moved with the times. The revised guidance issued by the ICAEW and ICAS has been enhanced and expanded to address some new – and often complex – situations, including foreign currency share capital, use of a presentation currency and ‘cash box’ structures.

Discussion of the earlier guidance was included in our June 2010 Quarterly Newsletter and in our full iGAAP 2010 and ukGAAP 2010 manuals.

For more information, read our iGAAP Alert: November 2010.


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