Notice of Adoption of Financial Reporting Standard 101 – September 2016

Inspired Energy (AIM: INSE), a leading UK energy procurement consultant to UK corporates and SMEs, notifies shareholders about certain proposed changes to the information that will be disclosed in its individual parent company financial statements contained in the Group’s future annual report and accounts.

A new UK Generally Accepted Accounting Practice accounting framework, introduced by the Financial Reporting Council (“FRC”) became mandatory for the financial statements of UK companies with accounting periods commencing on or after 1 January 2015. Under this new framework, Inspired is required to elect to prepare its individual parent company financial statements on one of the bases permitted by the FRC. The consolidated financial statements of the Group will continue to be prepared in accordance with EU-adopted International Financial Reporting Standards as these are not affected by the new accounting framework.

Read the full Notice of Adoption of Financial Standard 101 here