The company’s interims, which today show operating profit up 37% to £402.7m, reveal Enterprise believed FRS2 would characterise its share of retained profits from Unique, an associated company, as goodwill.
Consequently, Enterprise has included £40.5m of retained profits and revaluation surplus within the total costs of acquisition for Unique when calculating goodwill.
The company, which operates more than 5,000 pubs across the country, notes this is a ‘departure from the statutory method’.
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