BTG

BTG plc Monitor

BTG plc Annual Report 2017
CR Monitor Issue: 
2018/0104
Company covered: 
BTG plc
Period End: 
31 March, 2017
Report issued on 9 January 2018 covered the following practice issues:
New
Book values, fair value adjustments and fair values disclosed in a tabular format in respect of business acquired.
Pronouncements
Section discussing Alternative Performance Measures introduced to the annual report.
Change
Change in income statement format results in less dis-aggregation.
Change
Enhanced analysis of deferred tax assets.
Change
Change in method for calculating impairment test recoverable amount.
Change
Change in balance sheet format leads to less dis-aggregation.

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.

BTG plc Monitor

BTG plc Annual Report 2016
CR Monitor Issue: 
2017/0108
Company covered: 
BTG plc
Period End: 
31 March, 2016
Report issued on 17 January 2016 covered the following practice issues:
Change
Change in the remuneration policy sees potential total variable remuneration as percentage of salary fall.
Change
Clarity of principal risk disclosures enhanced by use of tabular format.
New
Explicit statement made that it is not practical to quantify new contingent liability in respect of government investigation.
Change
Auditors' identify contingent liability as new area of risk of material misstatement.
Change
Deferred tax information enhanced by disclosure of individual temporary difference income statement impacts.
New
Residual interest in intangible contractual right acquired.

BTG plc Monitor

BTG plc Annual Report 2015
CR Monitor Issue: 
2015/1004
Company covered: 
BTG plc
Period End: 
31 March, 2015
Report issued on 19 October 2015 covered the following practice issues:
Change
Buy-out of financial interest in new product disclosed in post balance sheet events.
Change
Introduction of governance chart for board, committees and "leadership teams".

BTG plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0303
Period End: 
30 September 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
4573 Biotechnology
Auditor: 
KPMG
Pronouncements
Elimination of "expense reserve" from pension liabilities increases comparative net assets.
Pronouncements
Presentation of other comprehensive income modified.

BTG plc

BTG Annual Report 2012
CR Monitor Issue: 
2012/1004
Company covered: 
BTG
Period End: 
31 March 2012
Report issued on 12 October 2012 covered the following practice issues:
Divergence
Unrecognised tax losses disclosed in total.
Change
Basis of segmentation and performance measure change following integration of prior year acquisition.
Change
Derecognition of liabilities classed as financial income.