Rentokil Initial

Rentokil Initial plc Monitor

Rentokil Initial plc Annual Report 2017
CR Monitor Issue: 
2018/1002
Company covered: 
Rentokil Initial plc
Period End: 
31 December, 2017
Report issued on 01 October 2018 covered the following practice issues:
Change
Presentation of profit on disposal of businesses separately on the face of the income statement.
Pronouncements
Disclosure made in respect of the future impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made to segment reporting.
Pronouncements
Disclosure introduced in respect of ammendment to IAS 7 "Statement of cash flows".
Change
Changes made to the calculation of adjusted profit.
Change
Auditor and Director's responsibilities disclosed in separate sections in the audit report.

Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

Rentokil Initial plc Monitor

Rentokil Initial plc Annual Report 2016
CR Monitor Issue: 
2017/0802
Company covered: 
Rentokil Initial plc
Period End: 
31 December, 2016
Report issued on 1 August 2017 covered the following practice issues:
Change
Assets and liabilities in respect of disposal group disclosed in aggregate on the face of the statement of financial position.
Pronouncements
Detailed disclosure about alternative performance measures in accordance with new guidelines
Pronouncements
Introduction of brief disclosure about impacts of new leasing and revenue standards.

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.

Rentokil Initial plc Monitor

Rentokil Initial plc Annual Report 2015
CR Monitor Issue: 
2016\0601
Company covered: 
Rentokil Initial plc
Period End: 
31 December, 2015
Report issued on 07 June 2016 covered the following practice issues:
Change
Single statement of profit or loss and other comprehensive income presented.
Pronouncements
Brief disclosure on claw back provision in respect of directors remuneration.
New
Financial instrument valuation techniques and level in the fair value hierarchy identified.
Change
Table showing analysis of revenue by business category added.
Divergence
Explanation of what goodwill represents and income statement information not given separately for individually material business combination.
Change
Multiple changes streamlining the format of the financial statements (Clutter Cutting).

Intangible assets - Rentokil Initial plc

Period End: 
30 December 2012
Period End Date: 
2012-12-30
Listing Status: 
FTSE Mid 250, S&P Europe 350
ICB Industry Classification: 
2791 Business Support Services
Auditor: 
KPMG

Intangible assets other than goodwill under IFRS

This report, based on an examination of the IFRS financial statements of 28 large listed European companies, analyses the disclosure of intangible assets other than goodwill. Included is an examination of companies’ intangible asset disclosures both on the face of the primary financial statements and in the notes. Areas considered include the disclosure of intangible assets separately from goodwill on the face of the statement of financial position, amortisation related disclosures and the presentation of a reconciliation of movements. In addition an examination of the significance of intangible assets relative to total assets is performed.

Rentokil Initial plc Period End 31 December 2010

Rentokil Initial plc Annual Report 2010
CR Monitor Issue: 
2011/1215
Company covered: 
Rentokil Initial plc
Period End: 
31 December 2010
Report issued on 21 December 2011 covered the following practice issues:
Change
Significant goodwill impairments on prior year acquisitions attributed to dampened cash flow forecasts.
Change
Change of pension inflation measure leads to income statement gain.
Change
"One-off items" disclosed on line of income statement and excluded from adjusted earnings per share.
Change
Brands disaggregated as separate class of intangible asset in table.