Booker

Booker group plc Monitor

Booker group plc Annual Report 2017
CR Monitor Issue: 
2017/1106
Company covered: 
Booker group plc
Period End: 
24 March, 2017
Report issued on 14 November 2017 covered the following practice issues:
Pronouncements
Improved disclosures on new standards on Revenue from contracts with customers, financial instruments and leases.
Change
Disclosure of risks associated with defined benefit pension schemes.
New
Sensitivity analysis disclosed in respect of property provisions.
Change
Audit report enhanced by inclusion of overview section and diagrams in respect of audit scope and materiality.
Change
Cash flows linked to interest paid re-classified from operating activities to financing activities in the cash flow statement.

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.

Booker Group plc Monitor

Booker Group plc Annual Report 2016
CR Monitor Issue: 
2016/1106
Company covered: 
Booker Group plc
Period End: 
25 March, 2016
Report issued on 14 November 2016 covered the following practice issues:
Change
Business combination consideration expressed on both a cash/debt free basis and a total cash consideration basis.
Change
Goodwill on business combination attributed to improved cost price synergies and logistic efficiencies.
Change
Acquisition accounting identified as a new audit risk area of material misstatement.
Change
Introduction of revised non-audit service policy.
Restatement
Financial instrument disclosures restated to exclude accruals and deferred income.

Booker Group Plc Monitor

Booker Group Plc Annual Report 2015
CR Monitor Issue: 
2015/0813
Company covered: 
Booker Group Plc
Period End: 
27 March 2015
Report issued on 25 August 2015 covered the following practice issues:
Change
Additional disclosure on supplier rebate policy.
Change
Post balance sheet acquisition disclosed.