ThyssenKrupp

ThyssenKrupp AG Monitor

ThyssenKrupp AG Annual Report 2016
CR Monitor Issue: 
2017/0507
Company covered: 
ThyssenKrupp AG
Period End: 
30 September, 2016
Report issued on 15 May 2017 covered the following practice issues:
Change
Recognition of impairments to property plant and equipment as a result of market conditions.
Change
Disclosure that changes in assumption would lead to impairment of "critical goodwill"
Change
Discussion of pension valuation assumptions highlights market volatility as the reason for a change in discount rate leading to recognition of a re-measurement loss.
Change
Disclosure of indirect financial targets enhanced and linked to sustainability.
New
Disclosure of compliance principles introduced to the strategic report.

Impending Changes: Disclosure of IFRS 15 Impacts

This report focuses on the disclosures given by companies in respect of the impending impacts of the new revenue standard IFRS 15 “Revenue from contracts with customers”. It considers the level of detail given by companies to determine the standard of qualitative information that companies disclose in relation to future changes in accounting policy and to what extent to date we have seen companies give quantitative information as to the impact the standard will have when it is adopted.

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.

The classification of acquisition transaction costs, an emerging issue under IFRS

This report focuses on companies’ presentation of acquisition-related costs both in the income and cash flow statements. More specifically it considers where such costs are reflected in the income statement and whether they are identified as operating or investing in nature within the cash flow statement.  

Deferred tax - ThyssenKrupp AG

Period End: 
30 September 2011
Period End Date: 
2011-09-30
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
1757 Iron & Steel
Auditor: 
KPMG