Kone

KONE Corporation Monitor

KONE Corporation Annual Report 2017
CR Monitor Issue: 
2018/0308
Company covered: 
KONE Corporation
Period End: 
31 December, 2017
Report issued on 13 March 2018 covered the following practice issues:
Pronouncements
Quantified disclosure as to the future impact of IFRS 15.
Change
Alternative performance measure note added including disclosure of adjusted EBIT

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.

KONE Corporation Monitor

KONE Corporation Annual Report 2016
CR Monitor Issue: 
2017/0407
Company covered: 
KONE Corporation
Period End: 
31 December, 2016
Report issued on 18 April 2017 covered the following practice issues:
Change
Enhanced disclosure of new IFRS standards issued but not yet effective including IFRS 15 and IFRS 16.
Pronouncements
Discussion of key audit matters included in audit report.
Change
Foreign currency sensitivity analysis highlighted in a separate note.
Change
Enhanced disclosures on principal risks within the strategic report.

Income taxes - Kone corporation

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
PricewaterhouseCoopers

Provisions - Kone Corporation

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
PricewaterhouseCoopers

Impending Changes: Disclosure of IFRS 15 Impacts

This report focuses on the disclosures given by companies in respect of the impending impacts of the new revenue standard IFRS 15 “Revenue from contracts with customers”. It considers the level of detail given by companies to determine the standard of qualitative information that companies disclose in relation to future changes in accounting policy and to what extent to date we have seen companies give quantitative information as to the impact the standard will have when it is adopted.

KONE Corporation Monitor

KONE Corporation Annual Report 2015
CR Monitor Issue: 
2016/0410
Company covered: 
KONE Corporation
Period End: 
31 December, 2015
Report issued on 15 April 2016 covered the following practice issues:
New
Dividend income reported as extraordinary income.
Pronouncements
Basic disclosures on impending leases Standard.
Pronouncements
Unquantified disclosures on impending revenue Standard.

KONE Corporation Monitor

KONE Corporation Annual Report 2014
CR Monitor Issue: 
2015/0303
Company covered: 
KONE Corporation
Period End: 
31 December 2014
Report issued on 10 March 2015 covered the following practice issues:
Inconsistent
Equity investment classed out of fair value through profit or loss, without explanation of circumstances.
Change
Non-financial items excluded from table of financial instruments.
Divergence
Comparative table of foreign currency exposures does not add across following re-analysis.