An unrecognised £70m pension liability has reduced WH Smith's stated 2012 post-tax profit by £4m.
The retail group failed to include a schedule of contributions to the pensions trustee in respect of a subsidiary company as a liability in its accounts to the year end 31 August 2012. Inquiries...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
