UBM

UBM plc Monitor

UBM plc Annual Report 2017
CR Monitor Issue: 
2018/1012
Company covered: 
UBM plc
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Change
Discussion of a new key audit matter included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Restatement
Finalisation of prior year business combination amounts results in prior year adjustments.
Change
Changes recognised in respect of operating segments following disposal.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Re-appraisal of brands acquired in the previous year resulting in an increase in the useful economic life.

UBM plc Monitor

UBM plc Annual Report 2016
CR Monitor Issue: 
2017/0902
Company covered: 
UBM plc
Period End: 
31 December, 2016
Report issued on 5 September 2017 covered the following practice issues:
Pronouncements
Disclosure of non-quantified impact of amendments to IFRS 2 and new leasing standard IFRS 16.
Change
Disclosure added of reasonably possible changes in assumption that would lead to recoverable amount of goodwill equalling the carrying amount.
Restatement
Restatement of provision in respect of trade receivables without explanation.
New
Subsequent events note added includes disclosure of post balance sheet acquisitions and disposals.
Change
Breakdown of defined benefit pension scheme assets by class in absolute rather than percentage terms.

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Intangible assets - UBM plc

Period End: 
30 December 2012
Period End Date: 
2012-12-30
Listing Status: 
FTSE Mid 250, S&P Europe 350
ICB Industry Classification: 
5557 Publishing
Auditor: 
Ernst & Young

Intangible assets other than goodwill under IFRS

This report, based on an examination of the IFRS financial statements of 28 large listed European companies, analyses the disclosure of intangible assets other than goodwill. Included is an examination of companies’ intangible asset disclosures both on the face of the primary financial statements and in the notes. Areas considered include the disclosure of intangible assets separately from goodwill on the face of the statement of financial position, amortisation related disclosures and the presentation of a reconciliation of movements. In addition an examination of the significance of intangible assets relative to total assets is performed.