Pensions

Hunting PLC Monitor

Hunting Plc Annual Report 2013
CR Monitor Issue: 
2014/1207
Company covered: 
Hunting PLC
Period End: 
31 December 2013
Report issued on 15 December 2014 covered the following practice issues:
Change
Functional and presentation currency change from Sterling to US dollars.
Restatement
Recognition of pension administration costs as incurred increases comparative equity by 0.8%.
Pronouncements
Additional fair value disclosures for financial instruments.
Pronouncements
External auditor extends format of auditor's report.

Redrow plc Monitor

Redrow plc Annual Report 2014
CR Monitor Issue: 
2014/1203
Company covered: 
Redrow plc
Period End: 
30 June 2014
Report issued on 09 December 2014 covered the following practice issues:
Pronouncements
Pension plan assets analysed into quoted and unquoted.
Pronouncements
Additional disclosure on classes of pension scheme member.
Pronouncements
Strategic report published.

Pernod Ricard SA Monitor

Pernod Ricard SA Annual Report 2014
CR Monitor Issue: 
2014/1112
Company covered: 
Pernod Ricard SA
Period End: 
30 June, 2014
Report issued on 25 November 2014 covered the following practice issues:
Pronouncements
Adoption of fair value rules leads to "probability of default" adjustment for derivatives, without significant effect.
Pronouncements
Offsetting table presented disclosing cash and cash equivalents and bank debt as offset.
Pronouncements
Retrospective adoption of pension rules decreases comparative equity by 1.5%.
Change
Auditor draws attention to pensions restatement, without qualifying audit opinion.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2014
CR Monitor Issue: 
2014/1102
Company covered: 
Tate & Lyle PLC
Period End: 
31 March 2014
Report issued on 04 November 2014 covered the following practice issues:
Change
Movements of net debt disaggregated into five categories.
Pronouncements
Retrospective adoption of pensions Standard decreases profit before tax and enhances disclosures.
Pronouncements
Offsetting table presented for financial instruments.
Pronouncements
Equity accounting for joint ventures expected to decrease profit before tax and increase net cash inflow for current period.

Stobart Group Limited Monitor

Stobart Group Limited Annual Report 2014
CR Monitor Issue: 
2014/1013
Company covered: 
Stobart Group Limited
Period End: 
28 February 2014
Report issued on 28 October 2014 covered the following practice issues:
Change
Movements in restricted cash presented beneath statement of cash flows.
Change
Business to be sold for mixture of cash and shares in acquiring business classed as discontinued operation.
Change
Impairments lead to loss for year.
Change
Strategic report introduced, as emissions disclosures go beyond Guernsey requirements.
Change
Materiality disclosed for components of overall audit.

Glencore Xstrata plc Monitor

Glencore Xstrata plc Annual Report 2013
CR Monitor Issue: 
2014/1012
Company covered: 
Glencore Xstrata plc
Period End: 
31 December 2013
Report issued on 28 October 2014 covered the following practice issues:
Divergence
Impairment leading to loss for year arising from business combination disclosed in note.
Pronouncements
New pension rules decrease comparative equity.
Pronouncements
Additional disclosures on financial instruments.
Pronouncements
Extended disclosures on consolidated structure, including non-controlling interests.
Change
Voluntary adoption of UK format of directors' remuneration report.
Change
External auditor extends format of report.

BP plc Monitor

BP plc Annual Report 2013
CR Monitor Issue: 
2014/1011
Company covered: 
BP plc
Period End: 
31 December 2013
Report issued on 21 October 2014 covered the following practice issues:
Change
Provision for oil spill analysed by type of claim and cumulative figures published.
Pronouncements
Several jointly controlled entities accounted for as joint arrangements under new rules.
Pronouncements
Revised rules on pension interest decrease profit before tax by 3.2%.
Change
Gain on disposal of operation contributes 42% of profit for year and impacts segmental structure.
Change
Format of directors' remuneration report adapts to new UK rules.

QinetiQ Group plc Monitor

QinetiQ Group plc  Annual Report 2014
CR Monitor Issue: 
2014/1007
Company covered: 
QinetiQ Group plc
Period End: 
31 March 2014
Report issued on 14 October 2014 covered the following practice issues:
Change
Decision to sell business leads to change in valuation method and impairment, but not to classification as held for sale.
Change
Impact of use of UK gilts based discount rate on triennial funding valuation indicated, without quantification.
Pronouncements
Strategic report replaces business review in management commentary.

De La Rue plc Monitor

De La Rue plc Annual Report 2014
CR Monitor Issue: 
2014/1006
Company covered: 
De La Rue plc
Period End: 
29 March 2014
Report issued on 14 October 2014 covered the following practice issues:
Divergence
Exceptional charges and gain presented net on face of income statement.
Change
Impact of pension rule changes on operating profit disclosed on face of income statement.
Change
Strategic report referred to in audited accounts.