Update on Year End Accounts to 31 March 2009

 

TIDMDYS 
 
RNS Number : 8356V 
Dyson Group PLC 
17 July 2009 
 

 
 
 
 
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| For immediate release                  |                          17 July 2009 | 
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Dyson Group plc ("Dyson" or the "Group") 
 
 
 
 
Update on Year End Accounts to 31 March 2009 
 
 
In the process of finalising the accounts for the year ended 31 March 2009, the 
Group has undertaken impairment reviews of all businesses which will result in 
impairment provisions against the carrying value of goodwill, fixed assets, and 
capitalised development costs in relation to certain businesses and provisions 
against inventory, and other items. These are in addition to the annual 
revaluations of its property portfolio and pension funds. 
 
The revaluations of the property portfolio and pension funds have been 
finalised, resulting in a reduction in the property valuation of GBP11.9 million 
and an increase of GBP10.6 million in the pension scheme deficit. 
 
All other impairment reviews are still in progress and will be finalised 
shortly and are subject to audit. 
 
As a result, the Directors' expectation is a total reduction in net asset value 
of the Group from GBP38.1 million at 31 March 2008 to no more than GBP5 million 
at 31 March 2009. There is no cash impact of the impairment. 
 
Trading continues in line with management expectations as previously 
announced. 
 
Annual results of the Group for the year ended 31 March 2009 are expected to be 
announced on 31 July 2009. 
 
 
 
 
 
 
 
 
For further enquiries, please contact: 
 
 
Buchanan Communications     Tel: [phone] 
Charles Ryland 
Ben Willey 
KBC Peel HuntTel: 0207 418 8900 
Julian Blunt 
Marianne Woods 
Patrick Lammers, CEOTel: 0114 263 2835/0207 340 8528 
Chris Kinsella, Finance 
Director 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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