Smiths

Smiths Group plc Monitor

Smiths Group plc Annual Report 2018
CR Monitor Issue: 
2019/0113
Company covered: 
Smiths Group plc
Period End: 
31 July, 2018
Report issued on 22 January 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in deferred tax recognised linked to a reduction in US tax rate and disclosure of a European Commission Investigation.
Restatement
Prior year business combination amounts finalised leading to an increase in goodwill.

Share-based payments under IFRS disclosure of the extent of arrangements and valuation

This report examines company disclosures in respect of share-based payment arrangements. It considers specifically disclosures in relation to the extent of such arrangements and the valuation of instruments granted. In relation to the valuation of share options the report considers the valuation methods applied by the sample companies.  

Share-based Payment Arrangements under IFRS disclosure of nature and impact

This report examines company disclosures in respect of share-based payment arrangements. It considers specifically disclosures in relation to the nature of such arrangements and the impacts on profit or loss during the period. The report will also look at the overall significance of share-based payments by considering total share-based payment expense as a percentage of profit after tax, the length of disclosure in the financial statements and the number of share-based payment schemes that companies have.

Other comprehensive income under IFRS

This report, based on an examination of the IFRS financial statements of 30 large global listed companies, analyses the presentation of components of other comprehensive income. Included is an examination of whether companies disclose each component classified by nature. Considered also is the disclosure of related tax impacts, reclassifications to profit or loss and the impact of other comprehensive income items on equity components.  

Income statement format under IFRS

This report establishes through an analysis of the financial statements of 30 large global listed companies whether companies more commonly present a single statement of comprehensive income or an income statement and a separate statement showing components of other comprehensive income. Considered also is the presentation format adopted for expenses and the presentation of manditory items such as revenue, finance costs, share of the profit or loss of associates and joint ventures accounted for using the equity method, tax expense and the total result from discontinued operations.

Impairment tests - Smiths Group plc

Period End: 
31 July 2010
Period End Date: 
2010-07-31
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
2727 Diversified Industrials
Auditor: 
PricewaterhouseCoopers

Pensions - Smiths Group plc

Period End: 
31 July 2010
Period End Date: 
2010-07-31
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
2727 Diversified Industrials
Auditor: 
PricewaterhouseCoopers

Segmental information - Smiths Group plc

Period End: 
31 July 2010
Period End Date: 
2010-07-31
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
2727 Diversified Industrials
Auditor: 
PricewaterhouseCoopers