Netherlands

Akzo Nobel N.V. Monitor

Akzo Nobel N.V. Annual Report 2017
CR Monitor Issue: 
2018/0820
Company covered: 
Akzo Nobel N.V.
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Result from discontinued operation presented in separate line on the face of the income statement.
Change
Disclosure of post balance sheet restructuring

Qiagen NV

Qiagen NV Annual Report 2017
CR Monitor Issue: 
2018/0602
Company covered: 
Qiagen NV
Period End: 
31 December, 2017
Report issued on 06 June 2018 covered the following practice issues:
Pronouncements
Extended discussion in respect of IFRS 15.
Change
Disclosure of impact of changes in US tax laws.
Change
Detailed disclosure of multi-tranche bond issue.
Change
Auditors identify bond issue as a key audit matter.

Heineken N.V. Monitor

Heineken N.V. Annual Report 2017
CR Monitor Issue: 
2018/0519
Company covered: 
Heineken N.V.
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Pronouncements
Disclosure of impact of new standards issued but not yet adopted including quantification in respect of IFRS 15.
Change
Qualitative description of factors that make up business acquisition goodwill.
Change
Extended disclosure in respect of pension plan assets and obligations.
Change
Enhanced disclosure on fair value hedges includes maturity analysis.
Restatement
Change in segment measure of profit.
Change
Introduction of a reconciliation table showing movements in current interest bearing liabilities excluding bank overdrafts and commercial papers.

Wolters Kluwer NV Monitor

Wolters Kluwer NV Annual Report 2017
CR Monitor Issue: 
2018/0512
Company covered: 
Wolters Kluwer NV
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities.
Pronouncements
Enhanced disclosure in respect of new accounting standards including quantification in respect of IFRS 15.
Change
Change in segment geographical entity wide disclosures.
Change
Assets held for sale presented separately on the face of the balance sheet.
Change
Amounts deducted from revenue rather than reflected as costs of sales.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2017
CR Monitor Issue: 
2018/0418
Company covered: 
ArcelorMittal SA
Period End: 
31 December, 2017
Report issued on 22 April 2018 covered the following practice issues:
Restatement
Earnings per share restated following reserve stock split.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities
Pronouncements
Extended disclosure in respect of new accounting standards including IFRS 9, IFRS 15 and IFRS 16
Change
Audit report enhanced by disclosure of key audit matters.

ASML Holding N.V. Monitor

ASML Holding N.V. Annual Report 2017
CR Monitor Issue: 
2018/0413
Company covered: 
ASML Holding N.V.
Period End: 
31 December, 2017
Report issued on 15 April 2018 covered the following practice issues:
Restatement
Restatement of sales breakdown included in segment disclosures.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows"
Pronouncements
Extended disclosure in respect of new standards including quantification of the expected impact of IFRS 16 "Leases".
Change
Summary information disclosed in respect of newly acquired associate.
Change
Disclosure of related party transactions with associate.

Koninklijke Philips N.V. Monitor

Koninklijke Philips N.V. Annual Report 2017
CR Monitor Issue: 
2018/0401
Company covered: 
Koninklijke Philips N.V.
Period End: 
31 December,2017
Report issued on 03 April 2018 covered the following practice issues:
Restatement
Prior year adjustment recognised in respect of tax understatement.
Change
Presentation changes to the income statement, statement of financial position and statement of cash flows.
Change
Business no longer identified as a reporting segment following its reclassification as a discontinued operation.
Pronouncements
Enhanced disclosure regarding the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".

Koninklijke DSM NV Monitor

Koninklijke DSM NV Annual Report 2017
CR Monitor Issue: 
2018/0403
Company covered: 
Koninklijke DSM NV
Period End: 
31 December, 2017
Report issued on 03 April 2018 covered the following practice issues:
Pronouncements
Extended disclosure on the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Restatement
Financial derivatives analysed between current and non-current classifications.
Change
Investing activities cash inflow recognised on disposal of associated undertaking.
Change
Auditors identify disposal of associated undertaking as a key audit matter.

Randstad Holding NV Monitor

Randstad Holding NV Annual Report 2017
CR Monitor Issue: 
2018/0317
Company covered: 
Randstad Holding NV
Period End: 
31 December, 2017
Report issued on 27 March 2018 covered the following practice issues:
Restatement
Restatement of reporting segments to take into account the impact of acquisitions and changes in managerial reporting structure.
Change
Disclosure of a business disposal as a post balance sheet event.
Change
Financial risk disclosures enhanced by introduction of table disclosing movements in current borrowings.

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.