3i group plc Monitor

3i Group plc Annual Report 2018
CR Monitor Issue: 
Company covered: 
3i group plc
Period End: 
31 March, 2018
Report issued on 27 November 2018 covered the following practice issues:
Summarised disclosure of changes to the directors remuneration policy.
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 16 "Leases"and IFRS 9 "Financial instruments".
Additional line item as ‘Transfer from translation reserve to capital reserve’ in its statement of changes in equity.
Reclassification within the cash flow statement.
A new dividend policy proposed.

Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

3i Group plc Monitor

3i Group plc Annual Report 2017
CR Monitor Issue: 
Company covered: 
3i Group plc
Period End: 
31 March, 2017
Report issued on 31 October 2017 covered the following practice issues:
Statement of comprehensive income represented to disclose results of discontinued operations separately.
Reclassification of other financial assets and liabilities from fair value through profit or loss to financial instruments at amortised cost without explanation.
Disclosure of proposed changes in finance director’s shareholding requirement.
New infrastructure initiative identified as new principal risk factor.

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Brexit Disclosures in Listed Company Annual reports

The referendum vote to leave the European Union (EU) has undoubtedly led to uncertainty for business and will potentially have far reaching impacts for companies from many different industries. This report, pulled together in March 2017, focuses on the information that companies have disclosed within their annual reports during the latter half of 2016. It sets out disclosures around risk as well as the disclosure of Brexit impacts which have already been felt and the resulting ramifications.

Investment entities exemption to consolidation: an emerging issue under IFRS

This report looks at the application of the Investment entities exemption to the consolidation requirements of IFRS 10 "Consolidated financial statements". We examine the scope of the exemption, related disclosures and the principal effects on the primary statements.

3i Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
Period End: 
30 September 2014
Listing Status: 
FTSE 100
ICB Industry Classification: 
8775 Specialty Finance
Ernst & Young
Scope of consolidation narrowed on application of investment entities exemption.
"Investment basis" accounts published to highlight portfolio performance.
Foreign exchange movements on investments included in gross investment return.

3i Group plc Period End 31 March 2010

3i Group plc Annual Report 2009
Prior year earnings per share adjusted for rights issue and shares issued to acquire assets
UK investment company 3i restates prior year earnings per share to reflect bonus element attached to shares issued to acquire assets.

3i Group plc Period End 31 March 2009

3i Group plc Annual Report 2009

Change in fair value measurement basis contributes 30% of loss

UK financial company 3i changes its method of measuring the fair value of recently acquired unquoted investments from cost less provisions to a market adjustment basis that leads to a £584 million reduction in value that contributes 30% of loss before tax.

Volatility associated with newly issued bonds mitigated by hedge arrangements

UK financial company 3i uses call spread overlays to reduce volatility associated with a £430 million issue of cash-settled bonds.