Whitbread

Whitbread plc Monitor

Whitbread plc Annual Report 2017-18
CR Monitor Issue: 
2018/0810
Company covered: 
Whitbread plc
Period End: 
1 March, 2018
Report issued on 14 August 2018 covered the following practice issues:
Change
Discussion on key audit matters included in auditors report.
Change
Disclosure in separate audit report sections of director and auditor responsibilities.
Change
Change in analysis of cash flows from operating activities.
Change
Acquisition costs linked to business combination recognised in the income statement as a non-underlying item.
Change
Extended disclosure of key performance indicators in the strategic report.

Whitbread PLC Monitor

Whitbread PLC Annual Report 2017
CR Monitor Issue: 
2018/0210
Company covered: 
Whitbread PLC
Period End: 
2 March, 2017
Report issued on 27 February 2018 covered the following practice issues:
Change
Recognition of impairments in relation to assets reclassified as held for sale.
Change
Audit report enhanced by inclusion of a summary of audit approach section and diagrams and tables in respect of audit materiality and scope.
Change
Tabular disclosure of principal risks extended to include discussion of two new risk factors.
Change
Discussion of Key Performance Indicators extended by inclusion of disclosure on new indicators.

Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

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.

Provisions - Whitbread PLC

Period End: 
3 March, 2016
Period End Date: 
2016-03-03
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
5757 Restaurants & Bars
Auditor: 
Deloitte

Whitbread PLC Monitor

Whitbread PLC Annual Report 2016
CR Monitor Issue: 
2017/0206
Company covered: 
Whitbread PLC
Period End: 
3 March, 2016
Report issued on 14 February 2017 covered the following practice issues:
Pronouncements
Disclosure added on the impacts of recently issued leasing standard, IFRS 16.
Pronouncements
Disclosure added on the impacts of a recent amendment to statement of cash flow standard IAS 7
Change
Strategic review principal risks table updated to include new risk factors in respect of "Pandemic/terrorism" and "economic climate"
Change
Recognition of changes in deferred tax following a reduction in tax rate.
Change
Disclosure of how deferred tax would be impacted if further reduction in tax rate had been substantially enacted.

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.

VAT Refund - Income Or A Liability?

We have reviewed the treatment of VAT refunds by a small sample of companies pending a decision by the European Court of Justice.