news

-
(1,375)
-
(1,375)
Balance at 31 December 2017 (unaudited)
1,200
86,362
(90)
28,625
(3,553)
112,544
NOTES TO THE FINANCIAL STATEMENTS
1. BASIS OF PREPARATION
General information
The principal activity of Supermarket Income REIT plc ('the Company') and its subsidiaries
('the Group') is to provide its shareholders with an attractive level of income together with
the potential for capital growth by investing in a diversified portfolio of supermarket real
estate assets in the UK.
These unaudited condensed consolidated financial statements for the period from the
Company's incorporation on 1 June 2017 to 31 December 2017, have been prepared in
accordance with:
· IAS 34 'Interim Financial Reporting', as adopted by the European Union, except for the
requirement to include prior period comparatives as this is the Company's first financial
period since incorporation;
· The Disclosure and Transparency Rules of the Financial Conduct Authority; and
· The Companies Act 2006, as applicable to companies reporting under IFRS.
As this is the Company's first accounting period, annual statutory financial statements have
not yet been filed with the Registrar of Companies. The Company will prepare its first
statutory financial statements in accordance with standards, interpretations and
amendments that are currently effective under IFRS, as adopted by the European Union
The condensed consolidated financial statements ('the financial statements') have been
prepared on a historical cost basis, except that investment properties and interest rate
derivatives are measured at fair value.
Accounting convention and currency