IAS 19 'Employee benefits'

Senior plc Monitor

Senior plc Annual Report 2013
CR Monitor Issue: 
2014/0713
Company covered: 
Senior plc
Period End: 
31 December 2013
Report issued on 25 July 2014 covered the following practice issues:
Divergence
Disclosure of quoted and unquoted pension plan assets without quantification.
Change
Charts used to indicate audit coverage in external auditor's report
Pronouncements
Directors' remuneration follows new UK format.

Associated British Foods plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0712
Period End: 
01 March 2014
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
3577 Food Products
Auditor: 
KPMG
Pronouncements
Elimination of reserve for retirement benefit scheme costs reduces net scheme liability.
Change
Increase to provision for compensation after building collapse.

Debenhams plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0711
Period End: 
01 March 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers
Pronouncements
Revised pension rules reduce profit before tax by 9.74%.
Pronouncements
Disclosures on financial instruments at fair value introduced.
Change
Additional disclosure on lease incentives.

Beiersdorf Aktiengesellschaft Monitor

Beiersdorf Aktiengesellschaft Annual Report 2013
CR Monitor Issue: 
2014/0710
Company covered: 
Beiersdorf Aktiengesellschaft
Period End: 
31 December 2013
Report issued on 21 July 2014 covered the following practice issues:
Pronouncements
End of corridor method for pensions reduces comparative equity by 4.4%.
Pronouncements
Additional fair value disclosures for financial instruments.

Anheuser-Busch Inbev NV/SA Monitor

Anheuser-Busch Inbev NV/SA 2013
CR Monitor Issue: 
2014/0709
Company covered: 
Anheuser-Busch Inbev NV/SA
Period End: 
31 December 2013
Report issued on 21 July 2014 covered the following practice issues:
Change
Fair value gain on business combination in stages increases profit before tax by 52.9%.
Pronouncements
Increased disclosures on pension risks and restatements under new pension rules.
Pronouncements
Offsetting disclosures made for financial assets and liabilities.

Bayer AG Monitor

Bayer AG Annual Report 2013
CR Monitor Issue: 
2014/0708
Company covered: 
Bayer AG
Period End: 
31 December 2013
Report issued on 15 July 2014 covered the following practice issues:
Pronouncements
Joint operation accounting replaces equity accounting, leading to adjustment through reserves.
Pronouncements
Joint ventures accounted for by equity method.
Pronouncements
Change to accounting for German pre-retirement agreements under new employee benefits regime.
Change
Cap in management remuneration under German corporate governance code disclosed.

Infineon Technologies AG Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0706
Period End: 
31 March 2014
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
9576 Semiconductors
Auditor: 
KPMG
Pronouncements
Changed definition of termination benefits leads to recognition of payments pro-rata over working period.
Pronouncements
Net pension interest included in financial expense.
Pronouncements
Additional fair value disclosures on financial instruments.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2013
CR Monitor Issue: 
2014/0615
Company covered: 
ArcelorMittal SA
Period End: 
31 December 2013
Report issued on 24 June 2014 covered the following practice issues:
Pronouncements
Immediate recognition of actuarial movements on pensions reduces comparative equity by 8.7%.
Pronouncements
Extended disclosures on consolidated structure, including non-controlling interests.
Change
New operating lease arrangements through unconsolidated structured entities disclosed.
Pronouncements
Recognition of interest in joint operations replaces equity accounting.
Change
Disclosure of fair values with fair value hierarchy for corporate debt at amortised cost.

Diageo plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0611
Period End: 
31 December 2014
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
3535 Distillers & Vintners
Auditor: 
KPMG
Pronouncements
Proportionate consolidation replaced by equity accounting for joint ventures.
Pronouncements
Post employment scheme charges increase on adoption of revised rules.
Pronouncements
Fair value of borrowings disclosed as 2.8% greater than carrying amount.

TUI Travel plc Monitor

TUI Travel PLC Annual Report 2013
CR Monitor Issue: 
2014/0608
Company covered: 
TUI Travel plc
Period End: 
30 September 2013
Report issued on 10 June 2014 covered the following practice issues:
Change
Curtailment and settlement gains recognised on closure and transfer of pension scheme assets and liabilities.
Change
Additional sensitivity information given on goodwill impairment.
Change
Spanish tax settlement gives rise to related party disclosure.
Change
New format adopted for directors' remuneration report.