CCH Accounts Production 2022.1: Release Notes

Audit report updates - Republic of Ireland

All master packs that include audit reports for Republic of Ireland entities have been updated to bring the audit reports in line with the August 2021 illustrative examples issued by the IAASA. This affects paragraphs, formats and the statutory database for those entities.

Packs affected are:

• FRS 102 Limited, FRS 102 Group, IFRS Limited, IFRS Group, Charities, FRS 105 Limited.

Hedging gains

All FRS 102 and IFRS master packs have been amended to disclose hedging gains separately from other fair value gains and to remove instances where they have been described as part of exchange gains. This has affected charts of accounts, name ranges and the formats for operating profit, finance costs and other gains & losses.

Packs affected are:

• FRS 102 Limited, FRS 102 Group, LLPs, IFRS Limited, IFRS Group.

Message about notes pages

For all packs supporting limited companies or LLPs, the option has been added to show a message at the bottom of some or all of the primary statements: "The notes on pages X to Y form part of these financial statements."  This is an amendable message and the user has options to apply it either to all the primary statements or to specified statements.

Packs affected are:

• FRS 102 Limited, FRS 102 Group, LLPs, IFRS Limited, IFRS Group, Charities.

Allocation of  corporation taxes on the cashflow statement 

All master packs with both corporation tax and cashflows now have the option (through statutory database postings) to allocate taxes paid between operating activities, investing and financing. 

Packs affected are:

• FRS 102 Limited, FRS 102 Group, IFRS Limited, IFRS Group.

Other movements on SOCIE

Users can now analyse the "other movements" for all reserves in six rows, across all reserves types.

Packs affected are:

• FRS 102 Limited, FRS 102 Group, IFRS Limited, IFRS Group.

8 point font for SOCIE

Users can now choose to show the SOCIE in an 8 point font, which improves the display for entities with many reserves types to show.

Packs affected are:

• FRS 102 Limited, FRS 102 Group, IFRS Limited, IFRS Group.

Format amendments

The following formats were amended:

• Note01 - Accounting Policies: 
  • VSTS 216603 - Moved period length note above accounting convention.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraphs.
• Note05 - Turnover:  VSTS 210726 - Changed formatting on C2 and C7 to 'Heading'.
• Note10 - Operating Profit: VSTS 214108 - Introduce disclosure of fair value hedging gains and remove duplicated disclosure of exchange gains.
• Note11 - Auditors' Remuneration: VSTS 217335 - Hide fees disclosure if there are no figures entered.
• Note15 - Interest Payable And Similar Charges: VSTS 214108 - Added rows for gains on hedges.
• Note16 - Other Gains And Losses: VSTS 214108 - Removed rows relating to exchange gains on hedged items and removed RECGLCFHPL from Reclassification of gains/losses on a cash flow hedge; in SCE tab, added line for fair value gains of hedges.
• Note23 - Impairments: VSTS 210726 - Removed unnecessary blank rows above "Recognised in" rows.
• Note27 - Investment Property: VSTS 210726 - Suppressed column A in tabs UK2 and UKSCE2. 
• Note28 - Fixed Asset Investment: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note35 - Current Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value. 
• Note50 - Deferred Taxation: 
  • VSTS 217335 - Change page setup to print note if the tax offset nets to zero.
  • VSTS 210726 - Applied columnflex.
• Note53 - Retirement Benefit Schemes: VSTS 210726 - Amended to provide disclosure of other balances on DB tab.
• Note74 - Related Party Transactions: VSTS 210726 - In AmountsOwedBy tab, year now shown separately above all items (balance, provn, net) rather than being centred above the three; In OtherTrans tab, sales and purchases now shown above each year's figures rathern than being centred across both.
• Note85 - Cash Generated From Operations: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Note96 - Transition To FRS 102: VSTS 216603 - Dates for start of PY used wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}.
• Note100 - Prior Period Adjustment: VSTS 216603 - Dates for start of PY used wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}. 
• Page1cvr - Front Cover: VSTS 210726 - Changed "Company Registration No." to "Company registration number", to be consistent with treatment elsewhere.
• Page4dir - Directors' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6soci - Statement Of Comprehensive Income: 
  • VSTS 210726 - Flexed line for share of profits of assoc & jv depending on whether the profits are assoc or jv.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page6is - Profit And Loss Account: 
  • VSTS 210726 - Flexed line for share of profits of assoc & jv depending on whether the profits are assoc or jv.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page7soce - Statement Of Changes In Equity: 
  • VSTS 210726 - Added new line for cy opening balances, to print when this is the first year. Tagged opening balances and extended tagging for any balances previously not included in tagging. Added further check for whether the PY closing balances agree to the CY opening balances.
  • VSTS 213034 - Show share capital column for non-CLG companies even where the amount rounds down to zero.
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 218356 - Added detailed analysis of other movements; Provided option of 8 point note.
• Page7sofp - Balance Sheet:
  • VSTS 213034 - Show share capital line for non-CLG companies even where the amount rounds down to zero.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page8cf - Statement Of Cash Flows: 
  • VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).
  • VSTS 218355 - Added option to show the page range for the notes.
• Mgmtdpl2 - Detailed Trading And Profit And Loss Account: VSTS 210726 - Amended the formula for the underline above total cost of sales to suppress the line if the cost of sales is zero in both years.
• Mgmtdpl3f2 - Schedules To Format 2 Detailed Profit And Loss Account: VSTS 210726 - Removed unnecessary blank lines before sections.
• Mgmt5yr - Five Year Summary: VSTS 210726 - Column headings for rows 3-7 changed to column formatting styles throughout.
• ​​​​​​Formattedtb  - Formatted Trial Balance: VSTS 213034 - Restored the keep together for fixed assets.

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Basis of preparation - Historical cost basis:  VSTS 217335 - Added square brackets around optional revaluation text. 
• Accounting Policies - Foreign exchange: VSTS 213034 - Combined UK and ROI into one note. 
• Audit Report - Opinion - Introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard). 
• Audit Report - Opinion - Introduction ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added note ref for accounting policies; removed 'relevant' from the reporting framework; replaced 'the Companies Act 2014' with 'Irish Law'; added 'issued in the United Kingdom by the Financial Reporting Council').
• Audit Report - Basis for opinion - Basis for opinion: VSTS 212531 - Replaced #wd28 with text "company".
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which").
• Audit Report - Responsibilities of directors: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added ref to accounting framework, removed being satisfied, refer in final sentence to management instead of directors). 
• Audit Report - Auditor's responsibilities - Auditor's responsibilities: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added "company's" before #aw3).
• Audit Report - Bannerman: VSTS 212531 - Removed comma from second instance of "members, as a body".
• Audit Report - Matters on which we are required to report by exception - Ineligible group:
  • VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which"). 
  • VSTS 210726 - Amended wording to refer to the small companies exemption, as per Co Act 414B and the illustrative reports.
• Audit Report - Matters on which we are required to report by exception - Small company exemption: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which", simplified wording related to the requirement to prepare a strategic report).
• Audit Report -Auditor's responsibilities - Further description ROI: VSTS 212531 - Updated link to IAASA guidance. 
• Audit Report - Bannerman: VSTS 212531 - Removed comma from second instance of "members, as a body.
• Audit Report - Basis for opinion - Basis for opinion ROI: VSTS 212531 - Replaced #wd28 with text "company"; Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued'). 
• Audit Report - Matters on which we are required to report by exception ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph).
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Italicised the FRS 102 title.
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text in line with the August 2021 illustrative examples.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (for ROI replaced 'from when' with 'from the date when'). 
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph). 
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit')
• Balance Sheet - Abridged Accounts Statement - Members consent: VSTS 210726 - Minor grammatical corrections.

New paragraphs added

• Profit and Loss Account - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes. 

Nominal amendments

The following nominals were amended:

VSTS 210726 - Amended description. 

• 1099 - Reserved for farm accounts
• 2099 - Reserved for farm accounts
• 3099 - Reserved for farm accounts

VSTS 210726 - Amended to provide disclosure of other balances

• 9370 - Other long term benefits balance to disclose

VSTS 214108 - Change category to finance costs and changed description to refer to non-hedged items

• 4570 - Exchange gains or losses on non-hedged instrument held at FVTPL (financing)
• 4575 - Exchange gains or losses on non-hedged instrument held at FVTPL (financing)

VSTS 214108 - Change descriptions to refer to fair value gains instead of exchange gains.

• 1961 - Fair value gains or losses on hedged item (cost of sales)
• 1962 - Fair value gains or losses on hedging instrument (cost of sales)
• 2961 - Fair value gains or losses on hedged item (selling costs)
• 2962 - Fair value gains or losses on hedging instrument (selling costs)
• 3962 - Fair value gains or losses on hedged item used for trading
• 3963 - Fair value gains or losses on hedging instrument re trading
• 4182 - Fair value gains or losses on hedged item (other operating income)
• 4184 - Fair value gains or losses on hedging instrument (other operating income)
• 4371 - Fair value gains or losses on hedged item (other gains and losses)
• 4372 - Fair value gains or losses on hedging instrument (other gains and losses)

VSTS 214108 - Change descriptions to refer to OGL instead of financing.

• 4373 - Reclassification of gains or losses on cash flow hedge to profit or loss (other gains and losses)

VSTS 214108 - Moved to category finance costs.

• 4560 - Fair value gains or losses on hedged item (financing)
• 4565 - Fair value gains or losses on hedging instrument (financing)
• 4566 - Reclassification of gains or losses on cash flow hedge re financing to profit or loss

VSTS 226252 - Split FV gain on IP between two codes (one OOI, one OGL).

• 4165 - OOI - Change in fair value of investment property
• 4170 - OGL - Change in fair value of investment property

Statutory database amendments

The following were added:

Format amendments

The following formats were amended:

• Note01 - Accounting Policies:
  • VSTS 216603 - Moved period length note above accounting convention.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraphs.
• Note10 - Operating Profit: VSTS 214108 - Introduce disclosure of fair value hedging gains and remove duplicated disclosure of exchange gains.
• Note15 - Interest Payable And Similar Expenses: VSTS 214108 - Added rows for gains on hedges.
• Note16 - Other Gains And Losses: VSTS 214108 - Removed rows relating to exchange gains on hedged items and removed RECGLCFHPL from Reclassification of gains/losses on a cash flow hedge; in SCE tab, added line for fair value gains of hedges.
• Note23 - Impairments: VSTS 210726 - Removed unnecessary blank rows above "Recognised in" rows.
• Note28 - Fixed Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note35 - Current Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note50 - Deferred Taxation: VSTS 217335 - Change page setup to print note if the tax offset nets to zero. 
• Note53 - Retirement Benefit Schemes: VSTS 210726 - Amended to provide disclosure of other balances on DB tabs.
• Note74 - Related Party Transaction: VSTS 210726 - In OtherTrans tab, sales and purchases now shown above each year's figures rathern than being centred across both.
• Note85 - Cash Generated From Operations: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Note111 - Cash Generated - Company: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Page1cvr - Front Cover: VSTS 210726 - Changed "Company Registration No." to "Company registration number", to be consistent with treatment elsewhere.
• Page4dir - Directors' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6is - Profit And Loss Account:
  • VSTS 210726 - Flexed line for share of profits of assoc & jv depending on whether the profits are assoc or jv.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page6soci - Statement Of Comprehensive Income:
  • VSTS 210726 - Flexed line for share of profits of assoc & jv depending on whether the profits are assoc or jv.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page7gsofp - Group Balance Sheet: 
  • VSTS 213034 - Show share capital line for companies even where the amount rounds down to zero.
  • VSTS 218355 - Added option to show the page range for the notes.
• Page7soce - Company Statement Of Changes In Equity:
  • VSTS 213034 - Show share capital column for companies even where the amount rounds down to zero.
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 218356 - Added detailed analysis of other movements; Provided option of 8 point note.
• Page7sofp - Company Balance Sheet:
  •  VSTS 213034 - Show share capital line for companies even where the amount rounds down to zero.
  •  VSTS 218355 - Added option to show the page range for the notes.
• Page8cf - Group Cash Flow Statement:
  •  VSTS 218355 - Added option to show the page range for the notes.
  •  VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).
• Page7gsoce - Group Statement Of Changes In Equity:
  • VSTS 213034 - Show share capital column for companies even where the amount rounds down to zero.
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 218356 - Added detailed analysis of other movements; Provided option of 8 point note.
•  Page8pcf - Company Cash Flow Statement:
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Basis of preparation - Historical cost basis: VSTS 217335 - Added square brackets around optional revaluation text.
• Accounting Policies - Foreign exchange: VSTS 213034 - Combined UK and ROI into one note.
• Audit Report - Opinion - Introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard). 
• Audit Report - Basis for opinion - Basis for opinion: VSTS 212531 - Replaced #wd28 with text "company".
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split,  replaced "where" with "in relation to which", changed "the environment" to "their environment").
• Audit Report - Responsibilities of directors: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added ref to accounting framework, removed being satisfied, refer in final sentence to management instead of directors). 
• Audit Report - Auditor's responsibilities - Auditor's responsibilities: VSTS 212531 - Removed ROI alternative wording.
• Audit Report - Matters on which we are required to report by exception - Ineligible group: VSTS 210726 - Amended wording to refer to the small companies exemption, as per Co Act 414B and the illustrative reports.
• Audit Report - Matters on which we are required to report by exception - Small company exemption: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which", simplified wording related to the requirement to prepare a strategic report).
• Audit Report - Opinion - Introduction ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added note ref for accounting policies; removed 'relevant' from the reporting framework; replaced 'the Companies Act 2014' with 'Irish Law'; added 'in the United Kingdom').
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Italicised the FRS 102 title.
• Audit Report - Basis for opinion - Basis for opinion ROI: VSTS 212531 - Replaced #wd28 with text; Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued').
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text in line with the August 2021 illustrative examples.
• Audit Report - Matters on which we are required to report by exception ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph).
• Audit Report - Auditor's responsibilities - Further description ROI: VSTS 212531 - Updated link to IAASA guidance.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (for ROI replaced 'from when' with 'from the date when').
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph).
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit'). 
• Balance Sheet - Abridged Accounts Statement - Members consent: VSTS 210726 - Minor grammatical corrections.
• Balance Sheet - Profit for the year: VSTS 210726 - Replace 'profit\loss' with 'profit/loss': VSTS 212531 - Updated link to IAASA guidance.

New paragraphs added

• Profit and Loss Account - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes. 

Nominal amendments 

See the list under FRS 102, affecting codes 1099, 1961, 1962, 2099, 2961, 2962, 3099, 3962, 3963, 4165, 4170, 4182, 4184, 4371, 4372, 4373, 4560, 4565, 4566, 4570, 4575, 9370.

Statutory database amendments   

See the list under FRS 102 of new nodes #pl100007 - #pl100014, #soc03 - #soc63, #cf999109 - #cf999111.

New option to hide inactive nodes

This has been applied to the Unincorporated and FRS 105 Limited master packs. For FRS 105 you can see it under Lead Schedules if Working Papers is not switched on. See the notes in the Software Enhancement section below.

Format amendments

The following formats were amended:

• Page1cvr - Front Cover: VSTS 210726 - Changed "Registration Number" to "registration number", to be consistent with treatment elsewhere; added tag for country of incorporation.
• Mgmtvar4 - Variance Detailed Trading P&L (FRS 102): VSTS 213034 - Changed all column headings to Col Head A or B, as appropriate.
• Mgmtvar6 - Variance Detailed Trading P&L: VSTS 213034 - Changed all column headings to Col Head A or B, as appropriate.
• Mgmtbs - Detailed Balance Sheet: VSTS 210726 - Added data regulation to provisions line to suppress where there is a nil balance.
• LSCAI - CURRENT ASSET INVESTMENTS: VSTS 210726 - Amendments to lead sch page suppression, removing HFS assets.
• LSDBTRS - DEBTORS: VSTS 210726 - Amendments to lead sch page suppression, adding CLRCBL.
• LSIFA - INTANGIBLE ASSETS: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.
• LSINVP - INVESTMENT PROPERTY: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.
• LSTFA - TANGIBLE ASSETS: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Foreign exchange: VSTS 213034 - Combined UK and ROI into one note.
• Audit Report - Opinion - Introduction: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard). 
• Audit Report - Opinion - Introduction ROI:  VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added note ref for accounting policies; added 'issued in the United Kingdom by the Financial Reporting Council').
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (removed 'accompanying'; reworded final item and moved to head of list;  removed 'issued by the Financial Reporting Council'; added 'applicable to micro companies'). 
• Audit Report - Basis for opinion - Basis for opinion: VSTS 212531 - Replaced #wd28 with "company".
• Audit Report - Basis for opinion - Basis for opinion ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued'). 
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples.
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which").
• Audit Report - Matters on which we are required to report by exception ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (inserted "any" before "material").
• Audit Report - Responsibilities of directors: VSTS 212531 - Split into UK and ROI versions.
• Audit Report - Auditor's responsibilities - Auditor's responsibilities: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added "company's" before #aw3). 
• Audit Report - Bannerman: VSTS 212531 - Removed comma from second instance of "members, as a body". 
• Audit Report - Auditor's responsibilities - Further description ROI: VSTS 212531 - Updated link to IAASA guidance.
• Audit Report - Other matter - Application of true and fair view: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (changed micro-entities to micro companies). 
• Audit Report - Responsibilities of directors ROI: VSTS 212531 - Split into UK and ROI versions.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (for ROI replaced 'from when' with 'from the date when').
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph). 
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit'). 

Nominal amendments 

New code added:

7495    Finance leases receivable

Format amendments

The following formats were amended:

• Note01 - Accounting Policies:
  • VSTS 216603 - Moved period length note above accounting convention.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraph.
• Note06 - Exceptional Items: VSTS 210726 - Suppress exceptional items for filleted accounts; Applied columnflex.
• Note10 - Operating profit: VSTS 214108 - Introduce disclosure of fair value hedging gains and remove duplicated disclosure of exchange gains.
• Note11 - Auditor's Remuneration: VSTS 210726 - Applied columnflex.
• Note12 - Employees: VSTS 210726 - Applied columnflex.
• Note14 - Investment Income: VSTS 210726 - Applied columnflex.
• Note15 - Interest Payable And Similar Charges: VSTS 210726 - Applied columnflex.
• Note16 - Other Gains And Losses:
  • VSTS 214108 - Removed rows relating to exchange gains on hedged items and removed RECGLCFHPL from Reclassification of gains/losses on a cash flow hedge; in SCE tab, added line for fair value gains of hedges.
  • VSTS 210726 - Applied columnflex.
• Note18 - Taxation: VSTS 210726 - Applied columnflex.
• Note23 - Impairments: VSTS 210726 - Removed unnecessary blank rows above "Recognised in" rows.
• Note27 - Investment Property: VSTS 210726 - Removed blank row above "Other charges"; Added suppression for column A on Hist tab.
• Note28 - Fixed Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note30 - Financial Instruments: VSTS 210726 - Applied columnflex.
• Note35 - Current Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note69 - Operating Lease Commitments: VSTS 210726 - Applied columnflex.
• Note74 - Related Party Transactions: VSTS 210726 - In AmountsOwedBy tab, year now shown separately above all items (balance, provn, net) rather than being centred above the three; In OtherTrans tab, sales and purchases now shown above each year's figures rathern than being centred across both.
• Note82 - Members' Remuneration: VSTS 210726 - Applied columnflex.
• Note85 - Cash Generated From Operations: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Page1cvr - Front Cover: VSTS 210726 - Changed "Registration No." to "registration number", to be consistent with treatment elsewhere.
• Page2inf - LLP Information: VSTS 210726 - Changed LLP number to "LLP registration number".
• Page4mem - Members' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6is - Profit And Loss Account: VSTS 218355 - Added option to show the page range for the notes.
• Page6soci - Statement Of Comprehensive Income: VSTS 218355 - Added option to show the page range for the notes.
• Page7romi - Reconciliation Of Members' Interests: VSTS 218355 - Added option to show the page range for the notes.
• Page7soce - Statement Of Changes In Equity: VSTS 218355 - Added option to show the page range for the notes.
• Page7sofp - Balance Sheet: VSTS 218355 - Added option to show the page range for the notes.
• Page8cf - Statement Of Cash Flows: VSTS 218355 - Added option to show the page range for the notes.
• Mgmtdpl2 - Detailed Trading And Profit And Loss Account: VSTS 210726 - Amended the formula for the underline above total cost of sales to suppress the line if the cost of sales is zero in both years.
• Mgmtdpl3f2 - Schedule To Format 2 Detailed Profit And Loss Account: VSTS 210726 - Removed unnecessary blank lines before sections.

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Basis of preparation - Historical cost basis: VSTS 217335 - Added square brackets around optional revaluation text.
• Audit Report - Opinion - Introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard).
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (replaced "where" with "in relation to which").
• Audit Report - Matters on which we are required to report by exception - Small company exemption: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (replaced "where" with "in relation to which").
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph).
• Balance Sheet - Abridged Accounts Statement - Members consent: VSTS 210726 - Minor grammatical corrections.

New paragraphs added

• Profit and Loss Account - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes. 

Nominal amendments  

See the list under FRS 102, affecting codes 1099, 1961, 1962, 2099, 2961, 2962, 3962, 3963, 4165, 4170, 4182, 4184, 4371, 4372, 4373, 4560, 4565, 4566, 4570, 4575.

Statutory database amendments    

See the list under FRS 102 of new nodes #pl100007 - #pl100014, #cf999109 - #cf999111.

Key enhancements in addition to those applying to other packs

Share based payments

• The parameters relating to the valuation model applied are now all text fields, so that users can enter ranges and apply their own preferences with regards to decimal places etc.
• Details of options issued in the period are now set out in the form of a table instead of a paragraph.
• There is now a section for disclosing a list of options outstanding.

Right-of-use assets

• The user can now choose to show the ROU total on the statement of financial position, with a corresponding split shown in the PPE note for the NBV of assets held.
• The user can now choose to show a breakdown of ROU movements in the period instead of the minimal information required by IFRS.

Cash flows

• The cash generated note now starts with profit/loss before tax.
• There is a new note for disclosing the net debt reconciliation

Expected losses - receivables

• There is now an updated and expanded grid providing the information necessary concerning the loss allowance for receivables

Format amendments

The following formats were amended:

• Note01 - Accounting Policies:
  • VSTS 216603 - Moved period length note above accounting convention.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraphs.
• Note10 - Operating profit: VSTS 214108 - Introduce disclosure of fair value hedging gains and remove duplicated disclosure of exchange gains.
• Note15 - Interest Payable And Similar Expenses: VSTS 214108 - Added rows for gains on hedges.
• Note16 - Other Gains And Losses: VSTS 214108 - Removed rows relating to exchange gains on hedged items and removed RECGLCFHPL from Reclassification of gains/losses on a cash flow hedge; in SCE tab, added line for fair value gains of hedges.
• Note19 - Discontinued Operations: VSTS 210726 - Applied columnflex.
• Note22 - Earnings Per Share: VSTS 210726 - Applied columnflex.
• Note23 - Impairments: VSTS 210726 - Removed unnecessary blank rows above "Recognised in" rows.
• Note26 - Property, Plant And Equipment: VSTS 216603 - Formatted historical cost merged headings as Col C. 
• Note33 - Finance Lease Receivables: VSTS 217335 - Replace split between > and < 1 year with a simple statement if possible.
• Note34 - Trade And Other Receivables: VSTS 217335 - On IFRS tabs, show deferred tax assets as zero.
• Note35 - Trade Receivables Credit Risk: VSTS 216603 - Added full expected loss table.
• Note42 - Convertible Loan Notes: VSTS 217335 - Replaced stat db figures for issue in the year with name ranges.
• Note46 - Trade And Other Payables: VSTS 217335 - Amended wording for taxation row.
• Note47 - Lease Liabilities: VSTS 216603 - Removed unnecessary bold formatting for subtotals.
• Note48 - Deferred Taxation: VSTS 217335 - Show split of deferred tax assets between > and < 1 year; Change page setup to print note if the tax offset nets to zero; Show details of amounts offset; Change error reporting on analysis tab to better show how the error arises.
• Note50 - Provisions For Liabilities: VSTS 217335 - The keep together selection has been amended to always specify the movements table.
• Note53 - Retirement Benefit Schemes: VSTS 210726 - Amended to provide disclosure of other balances on DB tab.
• Note54 - Share-Based Payments: VSTS 217335 - Amended options granted to use text-based entries instead of numerical and to include more information in the table; Added table for outstanding balances.
• Note55 - Share Capital: VSTS 217335 - Corrected row suppression to show underlinings where there is only one class of shares.
• Note58 - Own Shares: VSTS 218356 - Split out other reserves into separate notes.
• Note64 - Retained Earnings: VSTS 218356 - Amend "Other movements" to exclude adjustment for OCIASSJV, which is now accounted for in the revised name range.
• Note74 - Related Party Transactions: VSTS 210726 - In AmountsOwedBy tab, year now shown separately above all items (balance, provn, net) rather than being centred above the three.
• Note75 - Directors' Transactions: VSTS 217335 - Moved free format text above the dividends information.
• Note78 - Subsidiaries: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note79 - Associates: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note80 - Joint Ventures: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note82 - Directors' Remuneration: VSTS 210726 - Applied columnflex.
• Note85 - Cash Generated From Operations: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Note96 - Transition:
  • VSTS 216603 - PYA dates for start of PY use wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}.
  • VSTS 217335 - Amended ReconciliationEquity tab to use correct IFRS formulae.
• Note100 - Prior Period Adjustment: VSTS 216603 - PYA dates for start of PY use wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}.
• Note108 - Liabilities: VSTS 217335 - Split corporation tax from other taxes. 
• Page1cvr - Front Cover: VSTS 210726 - Changed "Company Registration No." to "Company registration number", to be consistent with treatment elsewhere.
• Page4dir - Directors' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6is - Income Statement:
  • VSTS 216603 - Introduced Format 2 option.
  • VSTS 217335 - Added lines for non-reclassified gains on FVTOCI and FVTPL investments.
  • VSTS 217335 - Added option to show the page range for the notes.
• Page6soci - Statement Of Comprehensive Income:
  • VSTS 217335 - Added lines for non-reclassified gains on FVTOCI and FVTPL investments.
  • VSTS 217335 - Added option to show the page range for the notes.
• Page7soce - Statement Of Changes In Equity:
  • VSTS 213034 - Show share capital column for companies even where the amount rounds down to zero.
  • VSTS 217335 - Removed adjustment for RRDEFTXRT in Revaluation reserve other movements (now corrected by name range adjustment instead).
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 218356 - Split out other reserves into separate columns; Added detailed analysis of other movements; Provided option of 8 point note.
• Page7sofp - Statement Of Financial Position: 
  • VSTS 213034 - Show share capital line for companies even where the amount rounds down to zero.
  • VSTS 216603 - Provide third column where required.
  • VSTS 217335 - Corrected suppression formula for current assets heading on FRS101 tab;  Split corporation tax from other taxes (FRS 101).
  • VSTS 217335 - On IFRS tabs, show all Deferred tax assets as non-current.
  • VSTS 217335 - Added option to show the page range for the notes.
  • VSTS 218356 - Split out other reserves into separate notes.
• Page8cf - Statement Of Cash Flows: 
  • VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).
  • VSTS 217335 - Added option to show the page range for the notes.
• Mgmtdpl2 - Detailed Trading And Profit And Loss Account: VSTS 210726 - Amended the formula for the underline above total cost of sales to suppress the line if the cost of sales is zero in both years.

New formats added

The following formats were added:

• Note109 - Other Reserves 1: VSTS 218356 - Split out other reserves into separate note.
• Note110 - Other Reserves 2: VSTS 218356 - Split out other reserves into separate note.
• Note111 - Other Reserves 3: VSTS 218356 - Split out other reserves into separate note.
• Note114 - Cash Flow - Net Debt Analysis: VSTS 217335 - Added debt reconciliation note.

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Basis of preparation - Historical cost basis: VSTS  185767 - Removed duplicated 'prepared'.
• Accounting Policies - Going Concern: VSTS 217335 - Removed additional line at end of text.
• Audit Report - Opinion - Introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard).
• Audit Report - Opinion - Opinion: VSTS 171830 - Amended to reflect application of UK IFRS where relevant.
• Audit Report - Basis for opinion - Basis for opinion: VSTS 212531 - Replaced #wd28 with text.
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which").
• Audit Report - Responsibilities of directors: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added ref to accounting framework, removed being satisfied, refer in final sentence to management instead of directors). 
• Audit Report - Auditor's responsibilities - Auditor's responsibilities: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added "company's" before #aw3).
• Audit Report - Auditor's responsibilities - Further description: VSTS 212531 - Updated link to IAASA guidance and introductory wording for ROI.
• Audit Report - Bannerman: VSTS 212531 - Removed comma from second instance of "members, as a body". 
• Audit Report - Basis for opinion - Basis for opinion ROI: VSTS 212531 - Replaced #wd28 with text; Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued'). 
• Audit Report - Matters on which we are required to report by exception ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph).
• Audit Report - Matters on which etc - Including ineligible group ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph). 
• Audit Report - Opinion - Introduction ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added note ref for accounting policies; removed 'relevant' from the reporting framework; replaced 'applicable law' with 'Irish Law'; expanded IFRS to International Financial Reporting Standards').
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Italicised the FRS 102 title.
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text in line with the August 2021 illustrative examples.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (for ROI replaced 'from when' with 'from the date when'). 
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph).
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit').
• SOFP Notes - Convertible loans - Net proceeds received: VSTS 217335 - Added ref to transaction costs.
• SOFP Notes - Share based payments - Options granted: VSTS 217335 - Amended paragraph to reflect the inclusion of more information in a table.

New paragraphs added

• Accounting policies - Reporting period length: New paragraph.
• Audit Report - Matters on which we are required to report by exception - Small company: VSTS 210726 - Added paragraph including small company exemption for strategic report.
• Income Statement - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes. 

Nominal amendments   

See the list under FRS 102, affecting codes 1099, 1961, 1962, 2099, 2961, 2962, 3962, 3963, 4165, 4170, 4182, 4184, 4371, 4372, 4373, 4560, 4565, 4566, 4570, 4575, 9370

In addition, the following code was amended:

VSTS 217335 - Amended name to clarify this relates to issues in the year.

• 9701    Equity element of convertible loan notes issued in the year

Statutory database amendments      

See the list under FRS 102 of new nodes #pl100007 - #pl100014, #cf999109 - #cf999111.

In addition, the following nodes were added:

#pl100005  Format 2 - External cost   Flag - allocation of external costs
#pl100006  Format 2 - External cost   Text - description of external costs
#cf99090 Cash flow  Flag - Show net det reconciliation
#pn999685  Earnings per share  Flag - Choice of pence or pound
#bn9991687 - #bn9991703  Trade receivables - Expected loss rate grid
#bn9991704 - #bn9991705  Deferred tax    note offset
#bn9991706 - #bn9991711  Share based payments valuation model grid
#bn9991712 - #bn9991736  Share based payments    options outstanding grid
#bn9991737 - #bn9991762  ROU assets grid
#bn9991763   Share based payments - Weighted average share price
#bs99922     Balance Sheet - Option to show ROU assets

Key enhancements in addition to those applying to other packs

Share based payments

• The parameters relating to the valuation model applied are now all text fields, so that users can enter ranges and apply their own preferences with regards to decimal places etc.
• Details of options issued in the period are now set out in the form of a table instead of a paragraph.
• There is now a section for disclosing a list of options outstanding.

Right-of-use assets

• The user can now choose to show the ROU total on the statement of financial position, with a corresponding split shown in the PPE note for the NBV of assets held.
• The user can now choose to show a breakdown of ROU movements in the period instead of the minimal information required by IFRS.

Cash flows

• The cash generated note now starts with profit/loss before tax.
• There is a new note for disclosing the net debt reconciliation

Expected losses - receivables

• There is now an updated and expanded grid providing the information necessary concerning the loss allowance for receivables

Format amendments

The following formats were amended:

• Note01 - Accounting Policies:
  • VSTS 217335 - Financial liabilities at fair value – suppression now activated by the trigger #cd999148; Taxation  – introduction now hidden if no CT or DT, and no override.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraphs.
  • VSTS 218372- Added tags that were missing for IFRS IE 2019 DPL taxonomy for Ireland.
• Note05 - Revenue: VSTS 217335 - Amended note title to include reference to other revenue if included in the note, and exclude reference to turnover if there is none.
• Note06 - Exceptional Items: VSTS 217335 - Amend formulae used so that group journals can reduce values to zero, with the figures then being suppressed.
• Note10 - Operating Profit: VSTS 214108 - Introduced disclosure of fair value hedging gains and amended disclosure of exchange gains (using EXGAINSNOTFV instead of EXGAINSLOSS).
• Note11 - Auditor's Remuneration: VSTS 210726 -  Remove liability limitation paragraph (covered in separate note).
• Note15 - Finance Costs: VSTS 214108 - Removed row relating to exchange difference for hedges; Added rows for gains on hedges.
• Note16 - Other Gains And Losses: VSTS 214108 - Added rows for gains on hedges.
• Note18 - Taxation: VSTS 217335 - Formulae for expected tax on Attachment corrected to use tax rate entered in group data rather than the sum of tax rates.
• Note23 - Impairments: VSTS 210726 - Removed unnecessary blank rows above "Recognised in" rows.
• Note34 - Trade And Other Receivables: VSTS 217335 - Show deferred tax assets as zero. 
• Note35 - Trade Receivables Credit Risk: VSTS 216603 - Added full expected loss table.
• Note42 - Convertible Loan Note: VSTS 217335 - Replaced stat db figures for issue in the year with name ranges; corrected formulae to include the whole group.
• Note47 - Lease Liabilities: VSTS 216603 - Removed unnecessary bold formatting for subtotals.
• Note47c - Lease Liabilities - Co: VSTS 216603 - Removed unnecessary bold formatting for subtotals.
• Note48 - Deferred Taxation:
  • VSTS 217335 - Show split of deferred tax assets between > and < 1 year; Changed page setup to print note if the tax  balances net off to zero; Show details of amounts offset.
  • VSTS 217335 - Simplified descriptions on balance rows of analysis tabs, so as to reduce likelihood of text wrapping; Reworked error reporting to clarify why differences arise.
• Note48c - Deferred Taxation:
  • VSTS 217335 - Changed page setup to print note if tax balances net to zero; Show details of amounts offset.
  • VSTS 217335 - Simplified descriptions on balance rows of analysis tabs, so as to reduce likelihood of text wrapping.
• Note53 - Retirement Benefit Schemes: VSTS 210726 - Amended to provide disclosure of other balances on DB tab.
• Note53c - Retirement Benefit Schemes - Co: VSTS 210726 - Amended to provide disclosure of other balances on DB tab.
• Note54 - Share-Based Payments: VSTS 219986 - Amended options granted to use text-based entries instead of numerical and to reflect the inclusion of more information in a table; Added table for outstanding balances.
• Note54c - Share-Based Payments - Co: VSTS 219986 - Amended options granted to use text-based entries instead of numerical and to reflect the inclusion of more information in a table; Added table for outstanding balances. 
• Note55 - Share Capital: VSTS 217335 - Corrected row suppression to show underlinings where there is only one class of shares.
• Note58 - Own Shares: VSTS 218356 - Split out other reserves into separate notes.
• Note64 - Retained Earnings: VSTS 218356 - Amend "Other movements" to exclude adjustment for OCIASSJV, which is now accounted for in the revised name range.
• Note74 - Related Party Transactions: VSTS 210726 - In AmountsOwedBy tab, year now shown separately above all items (balance, provn, net) rather than being centred above the three.
• Note75 - Directors' Transactions: VSTS 217335 - Moved free format text above the dividends information.
• Note78 - Subsidiaries: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note79 - Associates: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note80 - Joint Ventures: VSTS 217335 - Changed the heading "Voting" to "Indirect".
• Note85 - Cash Generated From Operations: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly.
• Note85c - Cash Generated From Operations - Co: VSTS 210726 - Include all FV gains on investment properties on one line, and amend the other gains & loss addback accordingly. 
• Note96 - Transition:
  • VSTS 217335 - Amended ReconciliationEquity tab to use correct IFRS formulae.
  • VSTS 216603 - PYA dates for start of PY use wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}.
• Note100 - Prior Period Adjustment:
  • VSTS 217335 - Amended ReconciliationEquity tab to use correct IFRS formulae. 
  • VSTS 216603 - PYA dates for start of PY use wrong codes {b,#cd12 etc} - now corrected to {#cd13 etc}.
• Note108c - Liabilities: VSTS 217335 - Split corporation tax from other taxes.
• Page1cvr - Front Cover: VSTS 210726 - Changed "Company Registration No." to "Company registration number", to be consistent with treatment elsewhere.
• Page4dir - Directors' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6is - Income Statement:
  • VSTS 217335 - Added lines for non-reclassified gains on FVTOCI and FVTPL investments.
  • VSTS 217335 - Added option to show the page range for the notes.
• Page6soci - Statement Of Comprehensive Income: 
  • VSTS 217335 - Added lines for non-reclassified gains on FVTOCI and FVTPL investments.
  • VSTS 217335 - Added option to show the page range for the notes.
• Page7soce - Statement Of Changes In Equity:
  • VSTS 213034 - Show share capital column for companies even where the amount rounds down to zero.
  • VSTS 217335 - Removed adjustment for RRDEFTXRT in Revaluation reserve other movements (now corrected by name range adjustment instead).
  • VSTS 218355 - Added option to show the page range for the notes.
  • VSTS 218356 - Split out other reserves into separate columns; Added detailed analysis of other movements; Provided option of 8 point note.
• Page17soce - Company Statement Of Changes In Equity:
  • VSTS 213034 - Show share capital column for companies even where the amount rounds down to zero.
  • VSTS 217335 - Removed adjustment for RRDEFTXRT in Revaluation reserve other movements (now corrected by name range adjustment instead).
  • VSTS 217335 - Added option to show the page range for the notes.
  • VSTS 218356 - Split out other reserves into separate columns; Added detailed analysis of other movements; Provided option of 8 point note.
• Page7sofp - Statement Of Financial Position:
  • VSTS 213034 - Show share capital line for companies even where the amount rounds down to zero.
  • VSTS 217335 - On IFRS tabs, show all Deferred tax assets as non-current.
  • VSTS 218356 - Split out other reserves into separate notes.
• Page17sofp - Company Statement Of Financial Position:
  • VSTS 213034 - Show share capital line for companies even where the amount rounds down to zero.
  • VSTS 217335 - Corrected suppression formula for current assets heading on FRS101 tab; Amended FRS 101 note ref suppression to be controlled by the Parent settings; Split corporation tax from other taxes (FRS 101).
  • VSTS 217335 - On IFRS tabs, show all Deferred tax assets as non-current.
  •  VSTS 217335 - Added option to show the page range for the notes.
  • VSTS 217335 - Removed unnecessary refs to reserve balances.
• Page8cf - Statement Of Cash Flows:
  • VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).
  • VSTS 217335 - Added option to show the page range for the notes.
  • VSTS 216603 - Corrected formula in line for Interest received (added FINASSHLDTRDGREC).
• Page18cf - Company Statement Of Cash Flows:
  • VSTS 210726 - Added the reallocation of income tax paid, from operating activities to investing (#cf999109) and financing (#cf999110).
  • VSTS 217335 - Added option to show the page range for the notes.
  • VSTS 216603 - Corrected formula in line for Interest received (add FINASSHLDTRDGREC) and Dividends received (remove OTHINVINC).
• Audittrail15 - Group Audit Trail - 15 Subsidiaries: VSTS 217335 - Replace [*EXCEP] with  [*EI] for exceptional items totals; remove duplicated total for EIFVGFX.

New formats added

The following formats were added:

• Note109 - Other Reserves 1: VSTS 218356 - Split out other reserves into separate note.
• Note110 - Other Reserves 2: VSTS 218356 - Split out other reserves into separate note.
• Note111 - Other Reserves 3: VSTS 218356 - Split out other reserves into separate note.
• Note114 - Cash Flow - Net Debt Analysis: VSTS 217335 - Added debt reconciliation note (also Note 114c for the parent company).

Paragraph amendments

The following paragraphs were amended:

• Audit Report - Auditor's responsibilities - Further description: VSTS 212531 - Updated link to IAASA guidance and introductory wording for ROI.
• Audit Report - Bannerman: VSTS 212531 - Removed comma from second instance of "members, as a body".
• Audit Report - Basis for opinion - Basis for opinion: VSTS 212531 - Replaced #wd28 with text.
• Audit Report - Basis for opinion - Basis for opinion ROI: VSTS 212531 - Replaced #wd28 with text; Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued').
• Audit Report - Matters on which etc - Including ineligible group ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph).
• Audit Report - Matters on which we are required to report by exception: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed paragraph split, replaced "where" with "in relation to which").  
• Audit Report - Matters on which we are required to report by exception ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (reorganised 2nd paragraph).
• Audit Report - Opinion - Introduction UK: VSTS 212531 - Italicised the FRS 101 title. MP 4.00 changes: VSTS 171830 - Amended to reflect application of UK IFRS where relevant.
• Audit Report - Opinion - Introduction ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (replaced 'applicable law' and 'the Companies Act 2014' with 'Irish Law').
• Audit Report - Opinion - Opinion UK: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (used "UK adopted international accounting standards").
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Italicised the FRS 101 title. MP 4.00 changes: VSTS 171830 - Changed "accordance of" to "accordance with". 
• Audit Report - Responsibilities of directors: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added ref to accounting framework, removed being satisfied, refer in final sentence to management instead of directors).
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text in line with the August 2021 illustrative examples.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples  (for ROI replaced 'from when' with 'from the date when').
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph).
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit').
• SOFP Notes - Convertible loans - Net proceeds received: VSTS 217335 - Added ref to transaction costs.
• SOFP Notes - Share based payments - Options granted: VSTS 217335 - Amended paragraph to reflect the inclusion of more information in a table.

New paragraphs added

• Accounting policies - Reporting period length: New paragraph.
• Audit Report - Matters on which we are required to report by exception - Small: VSTS 210726 - Added paragraph including small company exemption for strategic report.
• Income Statement - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes.
• Income Statement - Parent - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes.

Nominal amendments   

See the list under FRS 102, affecting codes 1099, 1961, 1962, 2099, 2961, 2962, 3962, 3963, 4165, 4170, 4182, 4184, 4371, 4372, 4373, 4560, 4565, 4566, 4570, 4575, 9370

In addition, the following code was amended:

VSTS 217335 - Amended name to clarify this relates to issues in the year.

• 9701    Equity element of convertible loan notes issued in the year

Statutory database amendments   

See the list under FRS 102 of new nodes #pl100007 - #pl100014, #cf999109 - #cf999111.

In addition, the following nodes were added:

#pl100005  Format 2 - External cost   Flag - allocation of external costs
#pl100006  Format 2 - External cost   Text - description of external costs
#pn999685  Earnings per share  Flag - Choice of pence or pound
#bn9991687 - #bn9991703  Trade receivables - Expected loss rate grid
#bn9991704 - #bn9991705  Deferred tax    note offset
#bn9991706 - #bn9991711  Share based payments valuation model grid
#bn9991712 - #bn9991736  Share based payments    options outstanding grid
#bn9991737 - #bn9991762  ROU assets grid
#bn9991763   Share based payments - Weighted average share price
#bs99922     Balance Sheet - Option to show ROU assets

Format amendments

The following formats were amended:

• Note01 - Accounting Policies:
  • VSTS 216603 - Added period length note above accounting convention.
  • VSTS 210726 - Amended row suppressions for inventories, impairment of fixed assets and employee benefits to hide headers etc if there are no active paragraphs.
• Note11 - Auditor's Remuneration: VSTS 213047 - Remove introductory and liability limitation paragraphs.
• Note28 - Fixed Asset Investments: VSTS 210726 - Suppress listed investments carrying value line where there is no difference from net value.
• Note51 - Grants And Deferred Income: VSTS 213034 - Added new section for deferred income movements.
• Note113 - Income From Trading Activities: VSTS 210726 - Replaced #cf475 (Non-charitable trading income heading) with #cy475.
• Page1cvr - Front Cover: VSTS 210726 - Changed "Registration No." to "registration number", to be consistent with treatment elsewhere.
• Page4trr - Trustees' Report: VSTS 210726 - Suppressed auditors reappointment section if no paragraphs are active.
• Page6sfa - Statement Of Financial Activities:
  • VSTS 213034 - Changed Total Resources Expended to Total expenditure.
  • VSTS 218355 - Added option to show the page range for the notes; Added columnflex.
• Page7sofp - Balance Sheet: VSTS 218355 - Added option to show the page range for the notes.
• Page8cf - Statement Of Cash Flows: VSTS 218355 - Added option to show the page range for the notes; Added columnflex.

Paragraph amendments

The following paragraphs were amended:

• Accounting Policies - Basis of preparation - Historical cost basis: VSTS 217335 - Added square brackets around optional revaluation text.
• Audit Report - Introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (expanded FRS to Financial Reporting Standard).
• Audit Report - Opinion re other Companies Act matters - consistency: VSTS 212531 - Reorganised for clarity.
• Audit Report - Nothing to report on matters - introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added opening paragraph for companies).
• Audit Report - Responsibilities of trustees: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added ref to accounting framework, removed being statisfied, refer in final sentence to management instead of directors). (reorganised 2nd paragraph).
• Audit Report - Auditors responsibilities for the audit: VSTS 212531 - Amended text for ROI in line with the August 2021 illustrative examples (added "company's" before #aw3).
• Audit Report - Auditors responsibilities further description: VSTS 212531 - Updated link to IAASA guidance.
• Audit Report - Going concern - Going concern conclusion 2019: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (for ROI replaced 'from when' with 'from the date when').
• Audit Report - Auditor's responsibilities - Fraud introduction: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed two sentences at the start of the paragraph). 
• Audit Report - Bannerman ROI: VSTS 212531 - Removed comma from second instance of "members, as a body".
• Audit Report - Basis for opinion ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (replaced 'are further described in ' with 'are described below in'; replaced 'Ethical Standard issued' with 'Ethical Standard for Auditors (Ireland) issued').
• Audit Report - Going concern - Going concern conclusion OLD ROI: VSTS 212531 - Now recombined with UK version.
• Audit Report - Introduction ROI: VSTS 212531 - Amended text in line with the August 2021 illustrative examples (added note ref for accounting policies; removed 'relevant' from the reporting framework; replaced 'the Companies Act 2014' with 'Irish Law'; added 'issued in the United Kingdom by the Financial Reporting Council').
• Audit Report - Opinion - Opinion ROI: VSTS 212531 - Italicised the FRS 102 title.
• Audit Report - Opinion on other matters prescribed by the Companies Act 2014: VSTS 212531 - Amended text in line with the August 2021 illustrative examples.
• Audit Report - Other information - Other information (ROI): VSTS 212531 - Amended text in line with the August 2021 illustrative examples (removed 'In connection with our audit of the #aw3' from start of 2nd para; added 'the course of' before 'the audit').
• Trustees Responsibilities - Published on internet: VSTS 210726 - Moved para to Responsibilities node.

New paragraphs added

• Accounting policies - Reporting period length: New paragraph
• SOFA - Notes forming part of accounts: VSTS 218355 - Added option to show the page range for the notes.

New option to hide inactive nodes

This has been applied to the Unincorporated and FRS 105 Limited master packs. See the notes in the Software Enhancement section below.

Format amendments

The following formats were amended:

• Note04 - Biological Assets: VSTS 210726 - Amendments to page suppression, so as to work with both the cost and FV models.
• Page7sofp - Balance Sheet: VSTS 210726 - Added columnflex command.
• Formattedtb - Formatted Trial Balance: VSTS 213034 - Add row for balance sheet suspense posting.
• LSCAI - CURRENT ASSET INVESTMENTS: VSTS 210726 - Amendments to lead sch page suppression, removing HFS assets.
• LSIFA - INTANGIBLE ASSETS: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.
• LSINVP - INVESTMENT PROPERTY: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.
• LSTFA - TANGIBLE ASSETS: VSTS 210726 - Amendments to lead sch page suppression, in line with more correct version in main notes.
• sttaxlinksch - Tax Link Schedule Sole Trader: VSTS 220383 - Replaced two name ranges TXPHFAXSTATOTH and TXOTHEXPS with specific sole trader versions TXPHFAXSTATOTHST and TXOTHEXPSST.

Nominal amendments

The following nominals were amended:

VSTS 210726 - Amended description. 

• 1099 - Reserved for farm accounts
• 2099 - Reserved for farm accounts
• 3099 - Reserved for farm accounts

VSTS 202798 - Statutory Database - New option to hide inactive nodes

The option appears in all entities, but for this release it only affects Unincorporated and FRS 105 Limited master packs.

To reduce the number of unnecessary nodes displayed in the Statutory Database, there is now a new icon shown for some nodes. These nodes are displayed if there are any postings made to the related nominal accounts. But if there are no related postings then the nodes may be displayed with a No Entry icon or completely hidden. For example in the screenshot below, there are no postings to accounts for Intangible fixed assets. So the node is shown with a No Entry icon:

The user can continue to edit Intangible fixed assets nodes but it is hard to see why they would wish to. So these nodes can be hidden completely by clicking on the Ribbon option for View Active Nodes. The screen then appears as follows:

It can be seen that the View Active Nodes option is highlighted and the node has now disappeared completely, along with other nodes that had the No entry icon before. This provides a more compact list for editing.

Changes to the Trust and Probate Master pages

Changes have been made to the Trust and Probate Master pages as documented in the Trust Accounts 2022.1 Release Notes.