IAS 19 'Employee benefits'

SGS SA Monitor

SGS SA Annual Report 2013
CR Monitor Issue: 
2014/0411
Company covered: 
SGS SA
Period End: 
31 December 2013
Report issued on 21 April 2014 covered the following practice issues:
Pronouncements
Equity method introduced for joint ventures.
Change
Fair value hierarchy levels disclosed for financial instruments.
Pronouncements
Additional disclosures on pensions by country, including sensitivities.

Givaudan SA Monitor

Givaudan SA Annual Report 2013
CR Monitor Issue: 
2014/0409
Company covered: 
Givaudan SA
Period End: 
31 December 2013
Report issued on 15 April 2014 covered the following practice issues:
Pronouncements
Retrospective adoption of revised pension rules reduces comparative equity by 11.3%.
Pronouncements
Other comprehensive income analysed.

Ashtead Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0406
Period End: 
31 October 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2791 Business Support Services
Auditor: 
Deloitte
Pronouncements
Adoption of revised pension rules reduces profit before tax by 0.6%.
Change
Information on business combinations disclosed in note to statement of cash flows.

Booker Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0404
Period End: 
13 September 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5337 Food Retailers & Wholesalers
Auditor: 
KPMG
Pronouncements
Revised pension rules decrease comparative annual profit by 9.2%.
Change
Gain on bargain purchase increases pre-tax interim profit by 20.8%.

Synergy Health plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2013/0401
Period End: 
29 September 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
4533 Health Care Providers
Pronouncements
New pension rules decrease profit.
Change
Reallocation of customers between segments.
Change
Acquisition of company for mixture of cash and deferred contingent consideration.

SABMiller plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0316
Period End: 
30 September 2013
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
3533 Brewers
Auditor: 
PricewaterhouseCoopers
Pronouncements
Prospective implementation of revised fair value principles.
Pronouncements
Revised employee benefits rules lead to restatement.
Change
Hedging instruments included in net debt.
Change
Net presentation adopted for some income statement financing items.

Land Securities Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0310
Period End: 
30 September 2013
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
8671 Industrial & Office REITs
Auditor: 
Ernst & Young
Pronouncements
Prospective implementation of revised fair value measurement principles.
Pronouncements
Pension interest calculated on a net basis prospectively.
Change
Reconciliation of income statement to segment information viewed by management published.
Change
Increase of interest in subsidiary disclosed.

FirstGroup plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0214
Period End: 
30 September 2013
Listing Status: 
FTSE Mid 250, S&P Europe 350
ICB Industry Classification: 
5759 Travel & Tourism
Auditor: 
Deloitte
Pronouncements
Nature of fair value measurements of financial derivatives disclosed.
Pronouncements
Significant impact on result attributable to shareholders, as net interest on pensions classed as finance cost.
Restatement
Earnings per share restated following rights issue.
Change
Gain disclosed on business disposal.

Mitchells & Butlers plc Monitor

Mitchells & Butlers plc Annual Report 2013
CR Monitor Issue: 
2014/0114
Company covered: 
Mitchells & Butlers plc
Period End: 
28 September 2013
Report issued on 28 January 2014 covered the following practice issues:
Restatement
Pension restatement in accordance with guidance on IFRIC 14 reduces comparative equity by 13.3%.
Pronouncements
Auditors' report includes assessment of risks of material misstatement, overview of audit scope and determination of materiality level.
Pronouncements
Statement of other comprehensive income format changed.
Change
Presentation of directors' remuneration report changed.

IAS 19 Revised "Employee Benefits", an emerging issue under IFRS

This report focuses on the early adoption of amendments to IAS 19 “Employee benefits”. It considers three main areas: the recognition of actuarial gains and losses in other comprehensive income rather than partial recognition through profit or loss; the replacement of interest cost and expected return on plan assets with a net interest amount that is calculated by applying a discount rate to the net defined benefit obligation / asset; and the recognition of past service costs.