Pensions

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.

WH Smith plc Monitor

WH Smith plc Annual Report 2013
CR Monitor Issue: 
2014/0402
Company covered: 
WH Smith plc
Period End: 
31 August 2013
Report issued on 08 April 2014 covered the following practice issues:
Restatement
Recognition of minimum pension funding requirement liability reduces equity by 32.9%.
Change
Impact of revised pension rules on headline profit measures disclosed.

Royal DSM NV Monitor

Royal DSM Annual Report 2013
CR Monitor Issue: 
2013/0308
Company covered: 
Royal DSM
Period End: 
31 December 2013
Report issued on 11 March 2014 covered the following practice issues:
Change
Joint venture contributed to new arrangement classed as discontinued operation.
Divergence
Goodwill impairment classed as R&D cost in note using different analysis from income statement.
Change
Deferred receivable reclassified as non-current.
Pronouncements
Net pension interest expense recognised as finance expense as new pension rules adopted.
Inconsistent
Prior year business combination finalised by adjustments in current year.

Britvic plc Monitor

 Britvic plc Annual Report 2013
CR Monitor Issue: 
2014/0302
Company covered: 
Britvic plc
Period End: 
29 September 2013
Report issued on 04 March 2014 covered the following practice issues:
Change
Costs from lapse of proposed business combination reduce pre-tax profit by 10.4%.
Divergence
Presentation of pension settlement gain spread across several notes.
Inconsistent
Provisions disclosed separately, but comparatives not restated on balance sheet.
Pronouncements
External auditors extend disclosures in audit report.

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.