EXTRAORDINARY ITEMS - A carpeting for the rug rats.
It turns out that some branches of Allied Carpets - indeed, most - have been booking carpet sales a little bit earlier than the company's accounting policies allow, by recording the revenue at the time when the customers' paid-for carpet is delivered by the manufacturer to Allied's warehouse. The policy says that sales can't be booked until the carpet has actually been delivered and installed. In total, the early bookers inflated group profits by about £3m.
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