IFRS 9 'Financial instruments'

Novozymes A/S Monitor

Novozymes A/S Annual Report 2016
CR Monitor Issue: 
2017/0709
Company covered: 
Novozymes A/S
Period End: 
31 December, 2016
Report issued on 18 July 2017 covered the following practice issues:
Pronouncements
Introduction of new section "key audit matters" in auditors' report as a result of chnage in audit standards.
Change
Allocation of goodwill to cash generating units for impairment test purposes changed.
Change
Breakdown of key management remuneration includes "severance costs"
Change
New principal risk factor added in respect of "Delay of BioAg commercialisation"
Pronouncements
Extended discussion on the impacts of new standards including IFRS 9 and IFRS 16.
Change
Goodwill on acquisition of business attributed to synergy benefits.

Carillion plc Monitor

Carillion plc Annual Report 2016
CR Monitor Issue: 
2017/0708
Company covered: 
Carillion plc
Period End: 
31 December, 2016
Report issued on 18 July 2017 covered the following practice issues:
Restatement
Finalisation of business acquisition fair values including contingent consideration leads to change in goodwill.
Change
Revenue recognition under licensing agreements identified as a risk of material misstatement by the auditors.
New
Introduction of discussion on alternative performance measures.
Change
Non-recurring items including restructuring costs highlighted separately.
Pronouncements
Improved discussion on new standards covering leases, revenue from contracts with customers and financial instruments.
Change
Brexit identified as new risk factor within tabular disclosure of principal risks.

UPM-Kymmene Corporation Monitor

UPM-Kymmene Corporation Annual Report 2016
CR Monitor Issue: 
2017/0706
Company covered: 
UPM-Kymmene Corporation
Period End: 
31 December, 2016
Report issued on 11 July 2017 covered the following practice issues:
Change
Underlying reasons for recognition of impairments disclosed.
Change
Change in presentation of cash flow statement to add separate line items for net cash flows from investment hedges and net cash flows from derivatives.
Pronouncements
Auditors report enhanced by inclusion of discussion of key audit matters in line with new auditing standard.
Pronouncements
Introduction of a discussion on new accounting standards in relation to revenue, financial instruments and leases.
New
Additional discussion on Alternative performance measures included.

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2016
CR Monitor Issue: 
2017/0607
Company covered: 
Thomas Cook Group plc
Period End: 
30 September, 2016
Report issued on 20 June 2017 covered the following practice issues:
Pronouncements
Disclosure of changes to non-audit services policy as a result of new regulation.
Change
'Failure to develop diverse portfolio' and 'Brexit' identified as new principal risks.
Change
Detailed discussion of non-IFRS alternative performance measures added.
Pronouncements
Improved disclosures regarding new standards including IFRS 9 and IFRS 16.
Change
Additional disclosures added in respect of minority interest put and call option including misleading reference to a joint venture.
Change
Changes in directors remuneration policy disclosed in tandem with improved explanation of links to strategy.

Adidas AG Monitor

Adidas AG Annual Report 2016
CR Monitor Issue: 
2017/0510
Company covered: 
Adidas AG
Period End: 
31 December, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Disclosure of information in respect of new equity settled share purchase plan for employees.
Pronouncements
Summarised non-quantified disclosure of impacts of new standards namely IFRS 9, IFRS 15 and IFRS 16.
Restatement
Financial instrument disclosures restated without explanation.

Senior plc Monitor

Senior plc Annual Report 2016
CR Monitor Issue: 
2017/0512
Company covered: 
Senior plc
Period End: 
31 December, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Tabular disclosure of principal risks includes new risk factors in respect of "Geopolitical impact" and "cyber/information security".
Pronouncements
Discussion of impacts of new standards added to accounting policies note.
Pronouncements
Quantified disclosure of the impacts of IFRS 16 "Leases"
Change
Property reclassified as asset held for sale.
Change
New summary section included in audit report.

Givaudan SA Monitor

Givaudan SA Annual Report 2016
CR Monitor Issue: 
2017/00505
Company covered: 
Givaudan SA
Period End: 
31 December, 2016
Report issued on 09 May 2017 covered the following practice issues:
Pronouncements
Early adoption of IFRS 9 results in a profit reduction following reclassification of available for sale investments as at fair value through profit and loss.
Pronouncements
Disclosure of key audit matters in the auditors report.
Restatement
Segment information restated to show separately by segment property plant and equipment and intangible assets obtained as a result of business acquisitions.

Renishaw plc Monitor

Renishaw plc Annual Report 2016
CR Monitor Issue: 
2017/0210
Company covered: 
Renishaw plc
Period End: 
30 June, 2016
Report issued on 28 February 2017 covered the following practice issues:
Change
Disclosure of new funding arrangement entered into in relation to defined benefit pension deficit.
New
Risk disclosures enhanced by introduction of "risk management framework" and graph showing impact and likelihood of risk.
Divergence
Erroneous inclusion of an overdraft in previous year comparative financial liabilities liquidity risk maturity analysis.
Pronouncements
Impacts discussed of new revenue, financial instruments and leasing Standards.

Givaudan SA Monitor

Givaudan SA Annual Report 2015
CR Monitor Issue: 
2016/0807
Company covered: 
Givaudan SA
Period End: 
31 December, 2015
Report issued on 23 August 2016 covered the following practice issues:
Change
Settlement of a defined benefit plan resulting in one-time gain.
Change
Enhanced disclosure of directors remuneration
Pronouncements
Probable impact of new Financial instruments standard disclosed.
Change
Provision recognised in respect of environmental obligation previously identified as a contingent liability,

Anglo American plc Monitor

Anglo American plc Annual Report 2015
CR Monitor Issue: 
2016/0414
Company covered: 
Anglo American plc
Period End: 
31 December, 2015
Report issued on 22 April 2016 covered the following practice issues:
Change
Loss for year partly reduced by valuation adjustment based on own credit quality.
New
Associate converted to joint venture following change in agreement, with no change to equity accounting.
Pronouncements
Brief disclosure of impending leases Standard.
Pronouncements
Extended disclosure on impending Financial instruments Standard.