REG - Victoria PLC - Interim Results <Origin Href="QuoteRef">VCP.L</Origin> - Part 3

VictoriaAnnouncement

22/11/2016 07:07

- Part 3: For the preceding part double click  ID:nRSV7662Pb 

                            
     The valuation exercise to identify intangible   
     assets acquired, as required under IFRS3, has   
     not been finalised as at the half year. The     
     valuation will be reflected in the Annual       
     Report and Accounts for the Group for the year   
     ending 1 April 2017 together with the IFRS 3    
     disclosures. Accordingly, an element of the     
     Goodwill recorded on the balance sheet as at 1   
     October 2016 will be reclassified to            
     Intangible assets once the IFRS 3 valuation     
     has been completed.                             
                                                   
                                                   
                                                                                                                                                                           
                                                                                                                                                                           
 10  Rates of exchange                                                                                                                                                     
     The results of the Group's overseas subsidiary   
     has been translated into Sterling at the        
     average exchange rates prevailing during the    
     periods.  The balance sheet is translated at    
     the exchange rates prevailing at the period     
     ends:                                           
                                                                                                                                                                           
                                                                                                                         26 Weeks     27                 53                
                                                                                                                                       Weeks              weeks            
                                                                                                                         ended        ended              ended             
                                                                                                                         1 Oct 2016      3 Oct 2015       2 April 2016     
     Australia (A$) - average rate                                                                                       1.8196       2.0489             2.0327            
     Australia (A$) - period end                                                                                         1.6942       2.1544             1.8526            
                                                                                                                                                                           
                                                                                                                                                                           
 
 
 11                      Risks and uncertainties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                         The Board continuously assesses and monitors the key risks of the business.  The key risks that could affect the Group's medium term performance and the factors which mitigate these risks have not changed from those set out on page 9 of the Group's 2016 Annual Report, a copy of which is available on the Group's website - www.victoriaplc.com.  The Chairman's Statement includes consideration of uncertainties affecting the Group in the remaining six months of the year.    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 On behalf of the Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 Geoffrey Wilding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 Chairman                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 21 November 2016                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 
 
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