Fenner

Segment disclosures and the chief operating decision maker under IFRS

This report sets out our findings in respect of a review of the IFRS segment disclosures of 25 UK listed companies, drawn from a range of different industries, as covered by IFRS 8 “Operating segments”. We consider a number of points including disclosures in respect of the chief operating decision maker, the factors used to identify reportable segments and whether there has been aggregation of operating segments and income statement and statement of financial position information reported by segment.

Deferred tax - Fenner

Period End: 
31 August, 2016
Period End Date: 
2016-08-31
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
PricewaterhouseCoopers

Fenner PLC Monitor

Fenner PLC Annual Report 2016
CR Monitor Issue: 
2017/0309
Company covered: 
Fenner PLC
Period End: 
31 August, 2016
Report issued on 21 March 2017 covered the following practice issues:
Pronouncements
Change in accounting policy in respect of offsetting cash pooling arrangements following guidance from the IFRS Interpretations Committee.
New
Disclosure of post balance sheet disposal of a wholly owned subsidiary.
Change
Disclosure of extended information on segment assets and liabilities.
Restatement
Finalisation of provisional fair values attributed to assets and liabilities in respect of a business acquired last year.

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.

Fenner PLC Monitor

Fenner PLC Annual Report 2014
CR Monitor Issue: 
2015/0117
Company covered: 
Fenner PLC
Period End: 
31 August, 2014
Report issued on 27 January 2015 covered the following practice issues:
Pronouncements
Sensitivity analysis given for financial instruments at Level 3.
Pronouncements
Pension plan assets analysed into quoted and unquoted.
Change
Impairments and gains on contingent consideration offset within exceptional items on face of income statement.
Change
Risk trends identified in Strategic report.

Fenner PLC Monitor

Fenner PLC Annual Report 2013
CR Monitor Issue: 
2014/0101
Company covered: 
Fenner PLC
Period End: 
31 August 2013
Report issued on 06 January 2014 covered the following practice issues:
Pronouncements
Expected impacts of revised IAS 19 on the current year disclosed.

The classification of acquisition transaction costs, an emerging issue under IFRS

This report focuses on companies’ presentation of acquisition-related costs both in the income and cash flow statements. More specifically it considers where such costs are reflected in the income statement and whether they are identified as operating or investing in nature within the cash flow statement.  

Fenner plc

Fenner plc Annual Report 2011
CR Monitor Issue: 
2012/0214
Company covered: 
Fenner plc
Period End: 
31 August 2011
Report issued on 28 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
No explanation of new inflation measure for pensions or disclosure of any impact.
Change
Increased disaggregation in segmental disclosures.
Restatement
Sensitivity to foreign currency exchange rates restated without explanation.
Change
Option obligation to buy non-controlling interest recognised as provision.
Change
Additional disclosures on directors' remuneration.
Change
Material cost of sales disclosed.

Fenner plc Period End 31 August 2009

Fenner plc Annual Report 2009

Use of management projections extended in impairment test
UK conveyor belt manufacturer Fenner extends the use of management approved financial forecasts in impairment testing goodwill from one to three years, with no impairment recognised.