|
Homeless
Battersea cat named in honour of England's swimmer Fran Halsall
winning Commonwealth gold
A stray moggie at Battersea
Dogs and Cats Home has a new sporting namesake in swimmer Fran Halsall,
who was born in Southport and lives in Loughborough, and who won
gold for Team England in the 50m Freestyle at the Commonwealth Games
in Glasgow.
So the world famous animal charity hopes Fran the Domestic Shorthair
will also win gold and sniff out the ultimate prize of a new home.
Battersea is naming some of its 400 dogs and 250 cats, waiting
patiently for new homes every day, after every Home Nations gold
medallist at this year's Games. With so many animals looking for new
homes, the charity is hoping that potential new owners will spot its
special "Commonwealth residents" and want to re-home them.
Head of Operations Carly Whyborn says:- "We really hope Fran
the cat will find a loving home and can celebrate England's swimming
champion's win by finding a new family. Fran definitely lives up to
her namesake; she's agile, intelligent and clearly has her eyes on
the prize of a happy future. Here at Battersea we hope by naming
some of our animals after our champion gold medallists it will give
cats like Fran the second chance they're looking for and so
deserve."
If you can give Fran a new home, please call Battersea Dogs and Cats
Home on:- 0843 509 4444 for more information.
Appeal for
information following a serious RTC
MERSEYSIDE Police are appealing for witnesses
after a cyclist was left in a serious condition following a road
traffic collision in Bootle, on Tuesday, 29 July 2014, in Bootle. At
about 6.10pm emergency services were called to Canal Street to a
report a lorry had been in collision with a cyclist. Paramedics and
police attended and found the 29 year old cyclist with serious head
injuries at the scene. The cyclist was removed by Ambulance to
hospital where he remains in a serious condition. The driver of the
lorry stopped at the scene and is helping the Police with their
enquiries. The scene was cordoned off for examination and CCTV is
being sought from the area. Inspector Mike McFall, said:- "We
are investigating the full circumstances of this incident and would
appeal to anyone who was in the area at the time and might have seen
something to call Police. The information you provide could be
really important for our enquiries. The incident took place on Canal
Street near to the junction Millers Bridge, which is a busy area and
I would urge anyone with information to call Merseyside Police on:-
0151 777 5747." |
 |
Home owners hit
by new accounting standards
ACCA (Association of Chartered Certified
Accountants) warns that the new accounting standard (IFRS 9) may
force banks to have larger bad debt provisions against long term
loans such as mortgages and business loans. The standard will also
financially penalise banks for offering overdraft and credit lines
even when they are unused by the customer. This development presents
obvious access to credit implications for those seeking longer term
mortgage approval and for business in general. A number of shorter
term loans, however, will not be affected and they will become more
financially attractive to banks.
The new standard, IFRS 9 Financial instruments, will require a life
time expected loan loss model to be used rather than the current
standard which uses an 'incurred, but not reported' (IBNR)
loan loss model. While somewhat technical in application, the new
standard may result in long-term loans requiring larger bad debt
provisions compared to the previous accounting standard, loans of
one year or less duration will require lower provisions. The
standard also requires recognition of losses expected on credit
limits offered to customers even when the credit limits are not used
as at the year-end reporting date.
Glenn Collins, ACCA UK head of technical advisory said:-
"Business needs long term credit but banks will be under pressure to
provide shorter term credit and lower credit limits. Even though the
standard will not be applicable until 2018, loans taken out now will
be affected by this change and are likely to be either more
expensive or of a shorter duration. FRS 9 in 2014 will
not stop bad lending, but it will measure the financial effect of
such lending better and require earlier bad debt provisioning. This
should allow earlier intervention by the Regulator where necessary.
It will however, encourage banks to cut consumer credit limits on
overdrafts and credit cards, only granting approval for shorter term
mortgages and business loans."
This is not the 1st time that an accounting standard changed
the business environment:-
► In 2000, the standard on pension accounting led to the real cost
of defined benefit pensions being shown on financial statements and
these pensions being closed and replaced by defined contribution
pensions.
► In 2004, the standard on employee share options led to the widely
generous share options being granted to senior executives being
stopped
► A standard in the UK on disclosure of working conditions in
factories supplying companies in the UK reportedly led to recent
improved working conditions for workers in India
► IFRS 9 in 2014 will require better measurement of the risks
involved in lending and better provisioning against these risks. It
will result in lower risk lending which will generally be shorter
term loans.
|
