Restatement Of Prior Year Ends

Tate & Lyle Plc Interim Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0419
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3577 Food Products
Auditor: 
Ernst & Young
Restatement
The year-end balance sheet has been restated, predominantly as a result of changes introduced in reportable segment and on inclusion of net retirement benefit interest expense and the associated tax in its alternative performance measures.
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1 April 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.

Koninklijke Philips NV Monitor

Koninklijke Philips NV Annual Report 2018
CR Monitor Issue: 
2019/0412
Company covered: 
Koninklijke Philips NV
Period End: 
31 December, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Recognition of a change in the segmental reporting structure including restatement of the prior year comparatives.
Pronouncements
Adopted IFRS 9 Financial Instruments (IFRS 9) and IFRS 15 Revenue from contracts with customers (IFRS 15) 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
Change in allocation of goodwill to cash generating units for impairment purpose.
Change
A quantified sensitivity analysis regarding accounting estimates and judgements in respect of the fair value of contingent consideration payable has been included in the Report this year.
Change
Disclosure in respect of post-balance sheet events has been included in the report.

Sodexo SA Monitor

Sodexo SA Annual Report 2018
CR Monitor Issue: 
2019/0413
Company covered: 
Sodexo SA
Period End: 
31 August, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Change in presentation of income statement due to new ‘underlying operating profit’ measure.
Pronouncements
Additional disclosure on the impact of new accounting standards including IFRS 9 Financial Instruments, IFRS 15 Revenue from contracts with customers and IFRS 16 Leases.
Change
Additional disclosures made in respect of a business acquired during the year.
Change
Additional disclosure on changes in shareholders ownership as required by the company’s by-laws.
Change
Consumer expectation is disclosed as a new risk in the risk management report.
Change
More details on the calculation of discount rates used in impairment testing have been provided.

McCarthy & Stone Plc Monitor

McCarthy & Stone Plc Annual Report 2018
CR Monitor Issue: 
2019/0411
Company covered: 
McCarthy & Stone Plc
Period End: 
31 August, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Prior year comparative cash flow statement restated following an enquiry by the Financial Reporting Council (FRC).
Pronouncements
Added disclosure as to the expected future impact of adopting IFRS 9 Financial Instruments
Pronouncements
Added disclosure as to the expected future impact of adopting IFRS 15 "Revenue from contracts with customers"
Change
Extended disclosure in respect of alternative performance measures.
Change
Disclosure of a sensitivity analysis in relation to the assumptions applied when assessing goodwill for impairment.

Siemens AG Monitor

Siemens AG Annual Report 2018
CR Monitor Issue: 
2019/0410
Company covered: 
Siemens AG
Period End: 
30 September, 2018
Report issued on 9 April 2019 covered the following practice issues:
Pronouncements
Extended disclosure as to the expected future impacts of adopting IFRS 9 Financial instruments and IFRS 16 "Leases".
Pronouncements
Early adoption of IFRS 15 Revenue from contracts with customers.
Change
October 2018 business acquisition disclosed as a post balance sheet event.
Change
Changes in deferred tax disclosure, including identification of the impact of the US Tax Cuts and Jobs Act, which cut the US income tax rate from 35% to 21%.
Change
Extension of risk disclosures including the identification of ‘Restructuring’ as a new material strategic risk factor.
Change
Presentation of a reconciliation showing movements in liabilities arising from financing activities.

LafargeHolcim Ltd Monitor

LafargeHolcim Ltd Annual Report 2018
CR Monitor Issue: 
2019/0406
Company covered: 
LafargeHolcim Ltd
Period End: 
31 December, 2018
Report issued on 9 April 2019 covered the following practice issues:
Restatement
IAS 29 Financial Reporting in Hyperinflationary Economies has been applied to the Argentinian figures included in the consolidation.
Pronouncements
IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments at 1 January 2018: the Report discloses the expected impact of new standards as well as amendments to standards to be adopted in the 2019 and 2020 annual reports.
Change
The retirement benefit plan disclosure presenting the disaggregation of plan assets has changed from the prior year. Additional disclosure is provided on the recent High Court ruling on equal guaranteed minimum pensions in the UK.
Change
An additional product line has been included within segmental reporting.
Change
After a reassessment of strategy, two cement factories in China are no longer classified as held-for-sale.

John Wood Group Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0407
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
0573 Oil Equipment & Services
Auditor: 
KPMG
Restatement
The year-end balance sheet has been restated, predominantly as a result of provisional fair values now finalised in respect of a significant business acquisition in October 2017.
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
Classification of assets and liabilities as held for sale and an impairment of the EthosEnergy joint venture.

Ferguson Plc Monitor

Ferguson Plc Annual Report 2018
CR Monitor Issue: 
2019/0404
Company covered: 
Ferguson Plc
Period End: 
31 July, 2018
Report issued on 2 April 2019 covered the following practice issues:
Restatement
Disclosure relating to a change in functional currency and presentational currency with restatement of comparative information.
Change
Detailed discussion of a new key audit matter added to the auditor’s report.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Disclosure of investments in associates in a separate note with impairment recognized during the year.
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 “Financial instruments” and IFRS 15 “Revenue from contracts with customers”.

Greencore Group Plc Monitor

Greencore Group Plc Annual Report 2018
CR Monitor Issue: 
2019/0405
Company covered: 
Greencore Group Plc
Period End: 
28 September, 2018
Report issued on 2 April 2019 covered the following practice issues:
Restatement
Disclosure made in respect of discontinued operations with restatement of comparative information.
Change
Discussion of key audit matters included in the audit report.
Change
Detailed and additional disclosures relating to accounting estimates and judgement.
Pronouncements
additional information in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Disclosure regarding contingencies related to the Guaranteed Minimum Pension.

Glencore plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0319
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
Deloitte
Pronouncements
Adoption of amendment to IFRS 2 “Classification and measurement of share-based payment transactions”
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".