IFRS 9 'Financial instruments'

Kingfisher PLC Monitor

Kingfisher PLC Annual Report 2017
CR Monitor Issue: 
2018/0114
Company covered: 
Kingfisher PLC
Period End: 
31 January, 2017
Report issued on 30 January 2018 covered the following practice issues:
Pronouncements
Extended disclosure on the impacts of IFRS 15, IFRS 16 and IFRS 9.
Change
Auditors' report enhanced by inclusion of a tabular summary of the audit approach.
Change
Disclosure of non-GAAP measures extended to include underlying as well as adjusted measures.
Change
Reconciliation of movements in provisions shows release of an unused amount following changes to restructuring plans.
New
Fair value gains recycled from other comprehensive income form part of profit on disposal.
Restatement
Analysis of deferred tax assets and liabilities by type restated to reflect more appropriate allocation of balances.

Halma plc Monitor

Halma plc Annual Report 2017
CR Monitor Issue: 
2018/0113
Company covered: 
Halma plc
Period End: 
1 April, 2017
Report issued on 30 January 2018 covered the following practice issues:
Restatement
Finalisation of provisional business combinations fair values results in restatement of prior year amounts in respect of one acquisition but adjustments are made in the current year in respect of another.
Change
Detailed description of the factors behind current year acquisition goodwill.
Pronouncements
Disclosure of expected impacts of new standards including IFRS 15, IFRS 9 and IFRS 16.
Change
Non-GAAP disclosures enhanced to include segment organic growth figures at constant currency rates.

Go-Ahead Group plc Monitor

Go-Ahead Group plc Annual Report 2017
CR Monitor Issue: 
2018/0111
Company covered: 
Go-Ahead Group plc
Period End: 
1 July, 2017
Report issued on 23 January 2018 covered the following practice issues:
Change
Change in accounting policy in respect of franchise adjustments in relation to the rail pension scheme.
Change
Presentation of auditors' report enhanced by inclusion of a summary of the audit approach and a diagram illustrating the application of materiality.
Change
Identification of new key audit matter linked to rail franchise.
Pronouncements
Summarised non-quantitative disclosure of the expected future impacts of new accounting standards on revenue, leases and financial instruments.

Barratt Developments plc Monitor

Barratt Developments plc Annual Report Year
CR Monitor Issue: 
2018/0107
Company covered: 
Barratt Developments plc
Period End: 
30 June, 2017
Report issued on 16 January 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of the impending future impacts of new accounting standards including IFRS 9, IFRS 15 and IFRS 16.
Change
Separate disclosure of equity accounted investment cash flows on a gross basis.
New
Disclosure of non-adjusting post balance sheet events included in the notes to the accounts.
Change
Presentation of the audit report enhanced by inclusion of a diagram showing the application of materiality.

Carpetright plc Monitor

Carpetright plc Annual Report 2017
CR Monitor Issue: 
2018/0105
Company covered: 
Carpetright plc
Period End: 
29 April, 2017
Report issued on 9 January 2018 covered the following practice issues:
Change
Multi-column format income statement highlights underlying performance and separately reported items.
Pronouncements
Enhanced disclosure in respect of the future impacts of new accounting standards including IFRS 15, IFRS 16 and IFRS 9.
Pronouncements
Introduction of disclosure on Alternate Performance Measures.
Change
New principal risk identified in relation to business continuity planning.

Diageo plc Monitor

Diageo plc Annual Report 2017
CR Monitor Issue: 
2017/1204
Company covered: 
Diageo plc
Period End: 
30 June, 2017
Report issued on 12 December 2017 covered the following practice issues:
Change
Prior year comparatives not restated following change to segment reporting.
Pronouncements
Enhanced disclosure explaining the future impacts of new financial instrument and revenue standards.
Change
Disclosure of proposed changes to directors remuneration including expanded shareholding requirement.

FirstGroup plc Monitor

FirstGroup plc Annual Report 2017
CR Monitor Issue: 
2017/1201
Company covered: 
FirstGroup plc
Period End: 
31 March, 2017
Report issued on % December 2017 covered the following practice issues:
Change
Audit report enhanced by inclusion of summary of audit approach section and diagram explaining materiality.
Pronouncements
Disclosure of new standards enhanced to include non-quantified impact analysis in respect of IFRS 9, IFRS 15 and IFRS 16

Voestalpine AG Monitor

voestalpine AG Annual Report 2017
CR Monitor Issue: 
2017/1110
Company covered: 
voestalpine AG
Period End: 
31 March, 2017
Report issued on 28 November 2017 covered the following practice issues:
Pronouncements
Discussion of key audit matters introduced within the audit report.
Pronouncements
Extended disclosure on the expected future impacts of impending new financial instruments, revenue, and lease standards.
Change
Disclosure of transfer of own bonds from Level 2 to Level 1 of fair value valuation hierarchy.

National grid plc Monitor

National grid plc Annual Report 2017
CR Monitor Issue: 
2017/1111
Company covered: 
National grid plc
Period End: 
31 March, 2017
Report issued on 11 November 2017 covered the following practice issues:
Change
Classification of UK gas distribution business as a discontinued operation.
Pronouncements
Non-quantified disclosure of the expected future impacts on adoption of IFRS 9, IFRS 15 and IFRS 16.

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.