Hays

Hays plc Monitor

Hays plc Annual Report 2018
CR Monitor Issue: 
2018/1202
Company covered: 
Hays plc
Period End: 
30 June, 2018
Report issued on 04 December 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respct of new standards issued but not adopted including IFRS 9 “Financial Instruments” and IFRS 15 “Revenue from Contracts and Customer.
Change
Chnage in segmental reporting structure.
Change
Disclosure of post balance sheet change to the funding of defined benefit pension obligations.
Change
Extended disclsoure of critical accounting judgements and estimates to include uncertain tax positions.
Change
Offsetting of deferred tax assets and liabilities.

Hays plc Monitor

Hays plc Annual Report 2017
CR Monitor Issue: 
2018/0314
Company covered: 
Hays plc
Period End: 
30 June, 2017
Report issued on 20 March 2018 covered the following practice issues:
Pronouncements
Improved disclosures on future impacts of IFRS 16 "Leases" and IFRS 9 "Financial instruments"
Change
Presentation of audit report enhanced by inclusion of overview of audit approach section.
Change
Pension disclosures include reference to IFRIC 14.
Change
Inclusion of additional disclosures on cash pooling arrangements.
Change
Disclosure of proposed amendments to the directors remuneration policy.

Risk and viability in the strategic report

In light of recent high-profile collapses such as Carillion, the reporting by companies of risks and long-term viability is once again in the spotlight. Investors and other stakeholders expect detailed, specific information in the annual report which clearly sets out the key risks facing the company and the potential impact of these risks on the company’s longer-term viability. This report analyses the consolidated financial statements of 20 UK listed companies to assess the quality of risk and viability reporting in the annual report.

Hays plc Monitor

Hays plc Annual Report 2016
CR Monitor Issue: 
2017/0511
Company covered: 
Hays plc
Period End: 
30 June, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Derivative financial asset reflected separately on the face of the statement of financial position at fair value.
Change
Recognition of settlement charge in respect of defined benefit pension plan.
Change
Enhanced risk disclosures include discussion on risk appetite, risk attributes and three lines of defence model.
Change
Remuneration disclosures enhanced by inclusion of employee information.

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.

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.

Hays plc Monitor

Hays plc Annual Report 2015
CR Monitor Issue: 
2016/0209
Company covered: 
Hays plc
Period End: 
30 June, 2015
Report issued on 19 February 2016 covered the following practice issues:
Pronouncements
Clawback provisions to incentive plans disclosed.
Change
Elements of remuneration related to risks.
Change
Methodology of single figure remuneration disclosed.

Other Comprehensive Income: Presentation of items by reclassification status an emerging issue under IFRS

This report considers the presentation of other comprehensive income following the issue of amendments to IAS 1 “Presentation of financial statements”. It considers how the various line items that represent other comprehensive income are reported by nature focusing on the presentational split between those items that will not be reclassified subsequently to profit or loss and those that will be reclassified to profit or loss when specific conditions are met. 

Hays plc Monitor

Hays plc Annual Report 2013
CR Monitor Issue: 
2013/1112
Company covered: 
Hays plc
Period End: 
30 June 2013
Report issued on 18 November 2013 covered the following practice issues:
Restatement
Cash outflows for pension deficit funding moved to operating activities, reducing net operating cash inflows by 14.1%.
Change
Separate pension mortality assumptions disclosed for men and women.
Pronouncements
Other comprehensive income analysed as per amended IAS 1.