IFRS 9 'Financial instruments'

Unilever Group Monitor

Unilever Group Annual Report 2018
CR Monitor Issue: 
2019/0510
Company covered: 
Unilever Group
Period End: 
31 December, 2018
Report issued on 13 May 2019 covered the following practice issues:
Restatement
IAS 29 Financial Reporting in Hyperinflationary Economies is applied when accounting for Argentinian operations.
Pronouncements
Adoption of IFRS 9 Financial instruments, and IFRS 15 Revenue from contracts with customers.
Pronouncements
Extended disclosure is included in respect of the future expected impacts of IFRS 16 Leases including quantification.
Change
Recognition of an intangible asset impairment charge.
Change
The reporting segments are altered to reflect a change in management structure.

Sanne Group Plc Monitor

Sanne Group Plc Annual Report 2018
CR Monitor Issue: 
2019/0509
Company covered: 
Sanne Group Plc
Period End: 
31 December, 2018
Report issued on 13 May 2019 covered the following practice issues:
Restatement
Prior year figures restated to correct accounting errors made in respect of goodwill arising on acquisitions.
Restatement
Change to the presentation of the alternative performance measure of diluted underlying earnings per share.
Pronouncements
Adopted IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9), from 1 January 2018.
Change
Disclosure on new key audit matters included in the auditors’ report.
Change
Critical accounting judgements and key sources of estimation uncertainty disclosures are extended to include additional information.
Change
Disclosures provided for post balance sheet events.

Provident Financial plc Monitor

Provident Financial plc Annual Report 2018
CR Monitor Issue: 
2019/0508
Company covered: 
Provident Financial plc
Period End: 
31 December, 2018
Report issued on 13 May 2019 covered the following practice issues:
Restatement
Comparative year basic and diluted loss per share figures are restated to reflect the bonus element of a rights issue.
Pronouncements
IFRS 9 Financial instruments is adopted.
Pronouncements
An accounting policy discussion of IFRS 16 Leases includes quantification as to the expected impact of adoption.
Change
A discussion of Brexit is included in the financial and capital risk management note to the accounts.

The Renewables Infrastructure Group Limited Monitor

The Renewables Infrastructure Group Limited Annual Report 2018
CR Monitor Issue: 
2019/0507
Company covered: 
The Renewables Infrastructure Group Limited
Period End: 
31 December, 2018
Report issued on 10 May 2019 covered the following practice issues:
Pronouncements
IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers have been adopted from 1 January 2018.
Change
Audit report enhanced by inclusion of a diagram illustrating the application of materiality.
Change
A new area of judgement is identified this year.
Change
Additional disclosure within sensitivity analysis of financial instruments.

Lancashire Holdings Limited Monitor

Lancashire Holdings Limited Annual Report 2018
CR Monitor Issue: 
2019/0506
Company covered: 
Lancashire Holdings Limited
Period End: 
31 December, 2018
Report issued on 10 May 2019 covered the following practice issues:
Pronouncements
The adoption of IFRS 15 Revenue from Contracts with Customers from 1 January 2018.
Pronouncements
The expected future impact of adopting IFRS 17 Insurance Contracts, IFRS 9 Financial Instruments and IFRS 16 Leases is disclosed.
Change
Additional disclosure on alternative performance measures used in the Report.
Change
‘Brexit’ is identified as a new principal risk.

Vivendi SA Monitor

Vivendi SA Annual Report 2018
CR Monitor Issue: 
2019/0504
Company covered: 
Vivendi SA
Period End: 
31 December, 2018
Report issued on 07 May 2019 covered the following practice issues:
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1st January 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.
Change
Disclosure made in respect of expected disposal of equity interest.
Change
Disclosure made in respect of post balance sheet event.
Change
Disclosure made in respect of sale on interest in associates.

MTU Aero Engines AG Monitor

MTU Aero Engines AG Annual Report 2018
CR Monitor Issue: 
2019/0503
Company covered: 
MTU Aero Engines AG
Period End: 
31 December, 2018
Report issued on 03 May 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments , IFRS 15 Revenue from contracts with customers and DSRC 4 Interpretation (IFRS) from 1 January 2018.
Pronouncements
Disclosure in respect of the expected impact of IFRS 16 Leases.
Pronouncements
Description of IFRIC 23 Uncertainty over income tax treatments
Change
Additional disclosure in relation to segment reporting.

Electrolux AB Monitor

Electrolux AB Annual Report 2018
CR Monitor Issue: 
2019/0501
Company covered: 
Electrolux AB
Period End: 
31 December, 2018
Report issued on 02 May 2019 covered the following practice issues:
Pronouncements
Restatement of comparative amounts following adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments.
Pronouncements
Extended disclosure on the expected impact of IFRS 16 Leases adoption.
Change
Disclosure of new key audit matters included in the Auditor’s Report.
Change
Discussion on contingent assets expected to be recognised in upcoming years.
Change
Additional information disclosed for associates presented in a tabular format.

Vifor Pharma Ltd. Monitor

Vifor Pharma Ltd. Annual Report 2018
CR Monitor Issue: 
2019/0421
Company covered: 
Vifor Pharma Ltd.
Period End: 
31 December, 2018
Report issued on 26 April 2019 covered the following practice issues:
Pronouncements
Restatement of financial statement due to the adoption of IFRS 15 Revenue from contracts with customers.
Pronouncements
Disclosure in respect of the impact of IFRS 9 Financial instruments.
Pronouncements
Additional disclosure in respect of the expected impact of the new standard IFRS 16 Leases.
Change
Disclosure of a new share-based payment plan.
Change
Additional disclosure in respect of a review of actuarial assumptions.

Elementis plc Monitor

Elementis plc Annual Report 2018
CR Monitor Issue: 
2019/0425
Company covered: 
Elementis plc
Period End: 
31 December, 2018
Report issued on 29 April 2019 covered the following practice issues:
Restatement
A change in reporting segments results in the restatement of comparative period figures.
Restatement
Comparative Earnings per share (EPS) is restated following a shares rights issue.
Pronouncements
IFRS 9 Financial Instruments is adopted from 1 January 2018 on a retrospective basis.
Pronouncements
A new revenue recognition policy is implemented following the adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
The expected impact of adopting IFRS 16 Leases is disclosed.
Change
The disposal of a business previously classified as a discontinued operation is completed.