Accounting policies still not care free

Article Abstract:

Associated Nursing Services (ANS) has seen a rise in its stock price, and reported profits rose by 35% for the 12 months to Mar 1998. The company's underlying profits are not quite as strong as this, since 12.2 million pounds sterling came from selling five homes. The company's expansion program involves interest costs. ANS's capex was 10.5 million pounds for 1997 to 1998 and the company invested 9.5 million in buying in the minority in a JV. The company's accounting policy has been criticised, especially in terms of treatment of depreciation.

Management, Nursing home management, Associated Nursing Services PLC

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Help for the aged

Article Abstract:

Some 40,000 old people have to sell their homes each year in the UK in order to pay for long-term care which costs from 350 pounds sterling to 500 pounds per week. The Nov 1995 Budget has raised the level at which funding is provided by the state to 16,000 pounds sterling, and fees are paid in full to people with assets of 10,000 pounds. The UK Inland Revenue will study a plan to allow people to defer pension income to fund long term care, but most people do not have enough savings to make this worth while.

Finance, Residential care facilities

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Shares for fat cats and kittens

Article Abstract:

The UK government has announced changes affecting the taxation of employee share option schemes in the Nov 1995 Budget. Changes should help investors in all three types of scheme. Gains will not be subject to income tax as the government had planned. Amounts of less than 20,000 pounds sterling will be subject to capital gains tax when shares are sold. Executive share schemes, profit-sharing schemes and savings related schemes are the three types of scheme available to UK employees.

Taxation, Securities, Securities taxes

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