Electrocomponents

Electrocomponents plc Monitor

Electrocomponents plc Annual Report 2017
CR Monitor Issue: 
2018/0106
Company covered: 
Electrocomponents plc
Period End: 
31 March, 2017
Report issued on 9 January 2018 covered the following practice issues:
Change
Geographical breakdown of revenue and non-current assets included within segment information note.
Restatement
Income statement restated to reallocate costs from distribution & marketing expenses to costs of sales.
Pronouncements
Change in presentation in respect of cash pooling arrangements.
Pronouncements
Introduction of disclosure on Alternative Performance Measures.

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.

Electrocomponents plc Monitor

Electrocomponents plc Annual Report 2016
CR Monitor Issue: 
2016/1009
Company covered: 
Electrocomponents plc
Period End: 
31 March, 2016
Report issued on 17 October 2016 covered the following practice issues:
Pronouncements
Change in accounting policy in respect of offsetting multi-currency cash pools following issue of IFRIC guidance.
Change
Operating segments restructured to increase accountability and transparency of the business.
Change
Reorganised costs identified as an area of audit focus by the external auditors.

Electrocomponents plc Monitor

Electrocomponents plc Annual Report 2015
CR Monitor Issue: 
2015/1106
Company covered: 
Electrocomponents plc
Period End: 
31 March, 2015
Report issued on 24 November 2015 covered the following practice issues:
New
Past service gain on defined benefit pension plan increases profit before tax by 26.9%.
Change
Vendor rebates recognised on accruals basis under new guidelines.

Financial instruments offset disclosures: an emerging issue under IFRS

This report considers company disclosures in relation to the offsetting of financial assets and financial liabilities following adoption of an amendment to IFRS 7 “Financial instruments: disclosures”. It covers the disclosure of financial assets and financial liabilities that are eligible for offsetting under IAS 32 “Financial instruments: presentation” plus disclosure of those subject to master netting arrangements or similar agreements for which offsetting is not permitted.   

Electrocomponents plc Monitor

Electrocomponents plc Annual Report 2014
CR Monitor Issue: 
2014/0914
Company covered: 
Electrocomponents plc
Period End: 
31 March 2014
Report issued on 30 September 2014 covered the following practice issues:
Divergence
Disclosure on cash pooling offset arrangements does not agree to balance sheet.
Pronouncements
Mitigation of pension risks disclosed.

Electrocomponents plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2013/0419
Period End: 
30 September 2012
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2797 Industrial Suppliers
Auditor: 
KPMG
Pronouncements
No changes in accounting Standards applied.
Change
Information given about changes underway in internal structure.
Change
Inventories note introduced.

Electrocomponents plc

Electrocomponents plc Annual Report 2012
CR Monitor Issue: 
2012/0901
Company covered: 
Electrocomponents plc
Period End: 
31 March 2012
Report issued on 04 September 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Five year history of experience adjustments disclosed for UK pension scheme, but history of assets and obligations disclosed only indirectly.
Change
Explanation provided for non-recognition of pension surplus.
Change
Presentation adjusted as headline figures equal unadjusted amounts.
Change
Part of former bank interest payable identified as relating to private placement notes.

Electrocomponents plc Period End 31 March 2009

Electrocomponents plc Annual Report 2009

Pension scheme restrictions increase pre-tax profit by 22%

UK electronics company Electrocomponents recognises in the income statement pension curtailment and past service gains that together reduce its pension deficit by half and increase pre-tax profit by 22%, with past service credit recognised immediately on expiry of a window for early retirement.