Thomas Cook

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2017
CR Monitor Issue: 
2018/0206
Company covered: 
Thomas Cook Group plc
Period End: 
30 September, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Correction of accounting errors result in prior year adjustments.
Change
Key audit matters section included in auditors report.
Change
Risk disclosures enhanced by disclosure of link to strategy and movements compared to the prior year.
Change
New financing agreement highlighted in post balance sheet events note.

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2016
CR Monitor Issue: 
2017/0607
Company covered: 
Thomas Cook Group plc
Period End: 
30 September, 2016
Report issued on 20 June 2017 covered the following practice issues:
Pronouncements
Disclosure of changes to non-audit services policy as a result of new regulation.
Change
'Failure to develop diverse portfolio' and 'Brexit' identified as new principal risks.
Change
Detailed discussion of non-IFRS alternative performance measures added.
Pronouncements
Improved disclosures regarding new standards including IFRS 9 and IFRS 16.
Change
Additional disclosures added in respect of minority interest put and call option including misleading reference to a joint venture.
Change
Changes in directors remuneration policy disclosed in tandem with improved explanation of links to strategy.

Segment disclosures and the chief operating decision maker under IFRS

This report sets out our findings in respect of a review of the IFRS segment disclosures of 25 UK listed companies, drawn from a range of different industries, as covered by IFRS 8 “Operating segments”. We consider a number of points including disclosures in respect of the chief operating decision maker, the factors used to identify reportable segments and whether there has been aggregation of operating segments and income statement and statement of financial position information reported by segment.

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.

Related party disclosures - Thomas cook Group plc

Period End: 
30 September, 2016
Period End Date: 
2016-09-30
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5759 Travel & Tourism
Auditor: 
PricewaterhouseCoopers

Operating Lease disclosures under IFRS

This report sets out our findings in respect of a review of the operating lease disclosures when acting as lessee of 35 companies listed on the London stock exchange. We consider a number of points including the disclosure, as currently governed under IFRS by IAS 17 “Leases”, of total future minimum lease payments focusing on the assets identified and the time periods presented; disclosure of minimum sublease payments expected to be received; disclosure of lease and sublease payments recognised in the period; and disclosure of the general terms of significant leasing arrangements including contingent rent payable basis, the existence and terms of renewal or purchase options and escalation clauses and restrictions imposed by lease arrangements such as those concerning dividends, additional debt and further leasing. 

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2013
CR Monitor Issue: 
2014/0211
Company covered: 
Thomas Cook Group plc
Period End: 
30 September 2013
Report issued on 18 February 2014 covered the following practice issues:
Change
Separately disclosed items extended to exclude additional items from underlying profit.
Change
Business classified as discontinued operation.
Change
Recapitalisation of business and treatment of related costs summarised.
Pronouncements
Auditors' report discusses audit materiality, scope, and focus.

Thomas Cook plc Monitor

Thomas Cook Group plc Annual Report 2012
CR Monitor Issue: 
2013/0216
Company covered: 
Thomas Cook Group plc
Period End: 
30 September 2012
Report issued on 21 February 2013 covered the following practice issues:
Change
Impairment disclosed separately from loss on sale of business in current year.
Change
Money market securities moved to Level 1 of fair value hierarchy.
Change
Employers' social security payments included in key management personnel remuneration.

Thomas Cook plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2012/1201
Period End: 
31 March 2012
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5759 Travel & Tourism
Auditor: 
PricewaterhouseCoopers
Pronouncements
No significant effects from changes to IFRS.
Change
Statement on going concern added to interim report.
Change
Multiple goodwill impairments.
Change
Deferred tax derecognised following revised assessments of recoverability.