Severn Trent

Severn Trent Plc Monitor

Severn Trent Plc Annual Report 2018
CR Monitor Issue: 
2019/0209
Company covered: 
Severn Trent Plc
Period End: 
31 March, 2018
Report issued on 19 February 2019 covered the following practice issues:
Pronouncements
New disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Discussion of key audit matters included in the audit report.
Restatement
Disclosure made in respect of discontinued operations with restatement of comparative information.
Change
Finalisation of provisional fair values in respect of a prior year business acquisition.
Change
Disclosure made in respect of post balance sheet event.

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.

Severn Trent plc Monitor

Severn Trent plc Annual Report Year
CR Monitor Issue: 
2017/1102
Company covered: 
Severn Trent plc
Period End: 
31 March, 2017
Report issued on 7 November 2017 covered the following practice issues:
Restatement
Business disposed of to newly formed joint venture reflected as discontinued operation.
Change
Goodwill on acquisition attributed to anticipated future synergies and future growth potential.
Change
Gain on disposal of Italian operations reflected as exceptional.
Change
New note to the accounts added discussing alternative performance measures.

Severn Trent Plc Monitor

Severn Trent Plc Annual Report 2016
CR Monitor Issue: 
2016/1005
Company covered: 
Severn Trent Plc
Period End: 
31 March, 2016
Report issued on 10 October 2016 covered the following practice issues:
Restatement
Grant contributions received in respect of infrastructure assets treated as deferred income rather than deducted from value of asset.
Change
Reporting segments redefined but prior year comparative information is not available.
Change
Maturity analysis of gross obligation under finance lease is disclosed separately.

Severn Trent Plc Monitor

Severn Trent Plc Annual Report 2014
CR Monitor Issue: 
2014/0916
Company covered: 
Severn Trent Plc
Period End: 
31 March 2014
Report issued on 30 September 2014 covered the following practice issues:
Pronouncements
Fair value of borrowings decreases by 3.4% in light of new rules.
Pronouncements
Fair value of derivative liabilities increases under new valuation rules.
Change
Post tax discount rate used in goodwill impairment test disclosed.
Pronouncements
Revised pension rules decrease profit before tax by 6.7%.
Change
Strategic report introduced under new UK regulations.

Severn Trent Plc Monitor

Severn Trent Plc Annual Report 2013
CR Monitor Issue: 
2013/0913
Company covered: 
Severn Trent Plc
Period End: 
31 March 2013
Report issued on 30 September 2013 covered the following practice issues:
Change
Change in tax allocation of income across periods disclosed.
Divergence
Non-compliance with UK whistleblowing recommendations disclosed.
Pronouncements
Early compliance with some UK Government proposals on directors' remuneration.
Pronouncements
Impact of impending changes to pension rules quantified.

Severn Trent Period End 31 March 2011

Severn Trent plc Annual Report 2011
CR Monitor Issue: 
2012/0103
Company covered: 
Severn Trent Plc
Period End: 
31 March 2011
Report issued on 12 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets transfered from customers recognised at fair value on IFRIC 18 adoption.
Change
Maturity analysis dropped from financial instrument fair value against book value breakdown.
Change
Disclosure of development expenditure capitalisation criteria expanded.