Victrex

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.

Victrex plc Monitor

Victrex plc Annual Report 2016
CR Monitor Issue: 
2017/0305
Company covered: 
Victrex plc
Period End: 
30 September, 2016
Report issued on 14 March 2017 covered the following practice issues:
Change
Disclosure of estimates and judgements extended to include information in respect of provisions and contingencies.
Change
Disclosure of proposed changes to directors' remuneration policy.

Viability statements: an emerging issue in the UK

This Emerging issue report analyses the content of early viability statements issued in the annual reports of UK companies, prepared under the UK Corporate Governance Code 2014, effective for periods beginning on or after 1 October 2014.

Victrex plc Monitor

Victrex plc Annual Report 2015
CR Monitor Issue: 
2016/0204
Company covered: 
Victrex plc
Period End: 
30 September, 2015
Report issued on 12 February 2016 covered the following practice issues:
New
Possible tax rebate disclosed on acquired goodwill.
New
Impending changes in deferred tax arising from changes in tax rates disclosed.
Change
Viability statement under UK Corporate Governance Code looks ahead for five years.
Change
Graphical presentation of application of materiality in external auditor's report.

Income statement format - Victrex plc

Period End: 
30 September 2013
Period End Date: 
2013-09-30
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
1357 Specialty Chemicals
Auditor: 
KPMG

Other Comprehensive Income: Presentation of items by reclassification status an emerging issue under IFRS

This report considers the presentation of other comprehensive income following the issue of amendments to IAS 1 “Presentation of financial statements”. It considers how the various line items that represent other comprehensive income are reported by nature focusing on the presentational split between those items that will not be reclassified subsequently to profit or loss and those that will be reclassified to profit or loss when specific conditions are met. 

Victrex plc Monitor

Victrex plc Annual Report 2013
CR Monitor Issue: 
2014/0208
Company covered: 
Victrex plc
Period End: 
30 September 2013
Report issued on 10 February 2014 covered the following practice issues:
Pronouncements
Auditors' report identifies two risks of material misstatement.
Pronouncements
Presentation of statement of other comprehensive income changed.

Victrex plc Monitor

Victrex plc Annual Report 2012
CR Monitor Issue: 
2013/0306
Company covered: 
Victrex plc
Period End: 
30 September 2012
Report issued on 11 March 2013 covered the following practice issues:
Change
Management commentary includes general description of business model.
Restatement
Forward exchange contracts restated between fair value hierarchy levels.