Yara International ASA Monitor

Yara International Annual Report 2016
CR Monitor Issue: 
2017/1109
Company covered: 
Yara International ASA
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Pronouncements
Extended disclosure on expected impacts of impending new revenue standard.
New
Introduction of disclosure in relation to critical judgements.
New
Introduction of tabular presentation explaining future potential reversals of impairment.
Change
Cash flows linked to divested assets disclosed separately in the cash flow statement.
Change
Inclusion of contingent consideration within financial instruments disclosures.
Pronouncements
Detail explanation of amendments to standards that are not yet effective.

Antofagasta plc Monitor

Antofagasta plc Annual Report 2016
CR Monitor Issue: 
2017/1108
Company covered: 
Antofagasta plc
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Change
Exceptional items including impairments highlighted separately on the face of the income statement by way of a multi-column format.
Change
Results of subsidiary disposed disclosed separately as a discontinued operation.
Change
Disclosure of negative investment in joint venture.
Change
Presentation of deferred tax assets by reporting segment.
Change
Tabular disclosure of principal risks includes new risk factor in respect of "Corruption activities".
Pronouncements
Quantified disclosure of the expected impact of new leasing standard.

Royal Dutch Shell PLC Monitor

Royal Dutch Shell PLC Annual Report 2016
CR Monitor Issue: 
2017/1107
Company covered: 
Royal Dutch Shell PLC
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Change
Change in segment reporting following an alteration to the business management structure.
Change
Financial instrument risk disclosures extended to include a value at risk analysis in respect of carbon emission rights trading.
Restatement
Restatement of amounts offset in respect of derivative contracts to align with a new netting methodology applied this year.
Change
Auditors include discussion of key audit matters in their report instead of areas of focus.
Divergence
No qualitative disclosure as to what goodwill recognised on a business acquisition represents.
Restatement
Restatement of statement of changes in equity in relation to shares held in trust.

Lloyds Banking Group plc Monitor

Lloyds Banking Group plc Annual Report 2016
CR Monitor Issue: 
2017/1104
Company covered: 
Lloyds Banking Group plc
Period End: 
31 December, 2016
Report issued on 14 November 2017 covered the following practice issues:
Pronouncements
Detailed disclosure of expected impacts on adoption of new financial instruments standard.
Change
Recognition of gain in other comprehensive income following re-classification of instrument from held-to-maturity to available-for-sale.
Restatement
Restatement of segment reporting information following a change in management structure.
Change
Identification of new areas of audit focus in respect of significant transactions and privileged access to information technology.
Change
Reconciliation of movements disclosed in relation to non-life insurance contracts.

Glencore plc Monitor

Glencore plc Annual Report 2016
CR Monitor Issue: 
2017/1105
Company covered: 
Glencore plc
Period End: 
31 December, 2016
Report issued on 14 November 2017 covered the following practice issues:
Change
Disposed business reflected as discontinued operation.
Change
Reclassification from property plant and equipment deferred mining costs to non-current inventory.
Pronouncements
Summarised non-quantified disclosure of the expected future impacts of new standards including IFRS 9, IFRS 15 and IFRS 16.
Change
Cash flows linked to long-term advances and loans reclassified to operating activities from investing activities.
Restatement
Restatement of the comparative figures for Level 2 "cross currency swaps" and "foreign currency and interest rate contracts".

Booker group plc Monitor

Booker group plc Annual Report 2017
CR Monitor Issue: 
2017/1106
Company covered: 
Booker group plc
Period End: 
24 March, 2017
Report issued on 14 November 2017 covered the following practice issues:
Pronouncements
Improved disclosures on new standards on Revenue from contracts with customers, financial instruments and leases.
Change
Disclosure of risks associated with defined benefit pension schemes.
New
Sensitivity analysis disclosed in respect of property provisions.
Change
Audit report enhanced by inclusion of overview section and diagrams in respect of audit scope and materiality.
Change
Cash flows linked to interest paid re-classified from operating activities to financing activities in the cash flow statement.