IAS 20 para 39, disclosure of benefits received in form of furlough payments in prior year and repayment in current year

Dunelm Group plc – Annual report – 26 June 2021

Industry: retail

Accounting Policies (extract)


The Group applies IAS 20 ‘Accounting for Government Grants and Disclosure of Government Assistance’ when accounting for government grants. A government grant is not recognised until there is reasonable assurance that the Group will comply with the conditions attaching to it, and that the grant will be received. Government grants are recognised in the Consolidated Income Statement over the same period as the related costs for which the grants are intended to compensate. The Group has chosen to present receipt and repayment of government grants against the related expense.

4 Employee numbers and costs (extract)

The aggregate remuneration of all employees (including Directors) comprises:

In the prior year, the Group claimed £14.5m under the UK Government’s Coronavirus Job Retention Scheme which was netted off against payroll costs. Following the Board’s decision to repay the Coronavirus Job Retention Scheme claims, the current year payroll costs include the £14.5m repayment.