3i Infrastructure

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.

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 Infrastructure Plc Monitor

3i Infrastructure Plc  Annual Report 2015
CR Monitor Issue: 
2015/0712
Company covered: 
3i Infrastructure Plc
Period End: 
31 March 2015
Report issued on 21 July 2015 covered the following practice issues:
Change
Revaluation gain relating to post balance sheet disposal of investment recognised on move to sales basis.
Change
Investment income classified as an area of significant audit risk.

3i Infrastructure plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0113
Period End: 
30 September 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
8985 Equity Investment Instruments
Auditor: 
Ernst & Young
Pronouncements
Increased disclosure on financial instruments at fair value.
Pronouncements
Change in the format of other comprehensive income statement.
Pronouncements
Exemption from consolidation for Investment Entities expected.

3i Infrastructure plc

3i Infrastructure plc Annual Report 2012
CR Monitor Issue: 
2012/0808
Company covered: 
3i Infrastructure plc
Period End: 
31 March 2012
Report issued on 17 August 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Restatement
Loans and receivables removed from fair value hierarchy classification.
Change
Credit rating disclosures for cash and deposits and derivative counterparties changed, but without quantification.
Change
Separate financial statements removed.

3i Infrastructure plc Period End 31 March 2009

3i Infrastructure plc Annual Report 2009

Restatement increases comparative net operating cash outflows by 5.5%

Jersey investment company 3i Infrastructure restates without explanation its prior year cash flow statement to reclassify £31.9 million cash in transit to purchases of investments and distribution to minority interests, with net cash outflow from operating activities increasing by 5.5%.