SSE

SSE plc Monitor

SSE plc Annual Report 2017
CR Monitor Issue: 
2018/0313
Company covered: 
SSE plc
Period End: 
31 March, 2017
Report issued on 20 March 2018 covered the following practice issues:
Change
Equity accounting applied in respect of joint venture investment following loss of control.
Pronouncements
Disclosure of impacts of future adoption of IFRS 9 "Financial instruments".
Pronouncements
Disclosure of expected future impacts of IFRS 15 "Revenues from contracts with customers" on revenue streams.
Pronouncements
Disclosure of expected impacts in respect of future adoption of IFRS 16 "Leases".
Change
Principal risk disclosures enhanced by inclusion of risk heat map.
Change
Alternative performance measures section included in annual 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.

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.

SSE plc Monitor

SSE plc Annual Report 2016
CR Monitor Issue: 
2016/1107
Company covered: 
SSE plc
Period End: 
31 March, 2016
Report issued on 14 November 2016 covered the following practice issues:
Change
Sale of 49.9% equity share in subsidiary leads to recognition of minority interest and recognition of gain in reserves as there is no loss of control.
Change
Post balance sheet change in rights results in loss of control and reclassification of subsidiary as a joint ventures.
Change
Disclosures about changes in directors remuneration policy.
Change
Audit approach summary introduced to the audit report.
Change
Change in deprecation and related revenue recognition policy not fully explained.
Pronouncements
Disclosure of non-audit services policy in light of impending change in regulation.

SSE plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0206
Period End: 
30 September 2014
Listing Status: 
FTSE 100
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
KPMG
Pronouncements
Joint arrangement classed as joint operation.
Pronouncements
Adoption of new rules on levies may impact future accounting policies.
Change
Assets and liabilities held for sale classed as current on the face of balance sheet.
Change
Internal corporate structuring to create distinctly audited subsidiaries disclosed.

Hedge accounting - SSE plc

Period End: 
31 March 2014
Period End Date: 
2014-03-31
Listing Status: 
FTSE 100
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
KPMG
Annual Report: