Enterprise Inns plc Annual Report and Accounts 2012

Notes to the Accounts
at 30 September 2012
1. General Information
The consolidated financial statements of Enterprise Inns plc for the year ended 30 September 2012 were authorised
for issue by the Board on 19 November 2012. Enterprise Inns plc is a public limited company incorporated and
registered in England. The Company’s ordinary shares are traded on the London Stock Exchange.
2. Presentation of Financial Statements
Statement of Compliance
These financial statements are prepared on a going concern basis and in accordance with International Financial
Reporting Standards (IFRS) as adopted by the European Union (EU).
Basis of preparation
The financial information for the year ending 30 September 2012 has been prepared in accordance with the
accounting policies set out in note 3 and are presented in pounds sterling. Amounts are shown in millions, unless
stated otherwise.
Basis of consolidation
The consolidated financial statements incorporate the financial statements of Enterprise Inns plc and its
subsidiaries. Consolidated financial statements are drawn up to 30 September each year and adjustments are
made to the financial statements of the subsidiaries where necessary to bring the accounting policies used in line
with those used by the Group.
Result of the parent company
The directors have taken advantage of the exemption provided under section 408 of the Companies Act 2006 not
to publish the Parent Company individual Income Statement and related notes.
Going concern
The Group’s business activities, including a description of its financial position, cash flows, debt and borrowing
facilities, are set out in the Business Review on pages 5 to 11.
In addition, a summary of factors likely to affect the Group’s future development and performance is set out in the
Risk and Uncertainities section on pages 19 to 22. Further details on the Group’s financial instruments and risks
can be found in note 23 of the accounts on pages 81 to 88.
The directors have made enquiries into the adequacy of the Company and Group’s financial resources, including a
review of the budgets and medium-term financial plans, which includes a review of cash flow forecasts, financial
covenant calculations and the ability to meet any refinancing requirements, and have a reasonable expectation that
the Company and Group have adequate resources to continue in operational existence for the foreseeable future.
For this reason the directors continue to adopt the going concern basis of accounting.
Exceptional items
The Group has elected to classify certain items as exceptional and present them separately on the face of the
Income Statement. Exceptional items are classified as those which are separately identified by virtue of their size
or nature to allow a full understanding of the underlying performance of the Group.
Exceptional items are explained further in notes 3, 6, 9, 10, 12 and 13.
New standards and interpretations
During the year the Group and the Parent Company have adopted the following new standards, interpretations and
amendments:
• Amendments to IFRS 7: Financial Instruments - Disclosures of transfers of financial assets
• Amendments to IAS 24 (revised): Related Party Disclosures
• Amendments to IFRIC 14: Prepayments of a Minimum Funding Requirement
• Annual Improvements to International Financial Reporting Standards 2010
The adoption of these standards and interpretations has not had a material impact on the results or financial
position of the Parent Company or Group.
Our Accounts Annual Report 2011 2012
59