Beiersdorf

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2017
CR Monitor Issue: 
2018/0504
Company covered: 
Beiersdorf AG
Period End: 
31 December, 2017
Report issued on 01 May 2018 covered the following practice issues:
Pronouncements
Audit report includes disclosure of key audit matters.
Change
Tabular presentation added to risk disclosures.
Pronouncements
Extended disclosure in respect of new accounting standards including IFRS 9, IFRS 15 and IFRS 16

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.

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.

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2016
CR Monitor Issue: 
2017/0501
Company covered: 
Beiersdorf AG
Period End: 
31 December, 2016
Report issued on 2 May 2017 covered the following practice issues:
Pronouncements
Discussion of future impacts of IFRS 16 "Leases" added to accounting policies note.
New
Disclosure of risks extended by inclusion of risk radar diagram and a discussion of risk rankings.
Change
Extended disclosure of contingent liabilities in respect of the legal risk of pending litigation.

Beiersdorf AG Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2011/1101
Period End: 
30 June 2015
Listing Status: 
Europe 350
ICB Industry Classification: 
3767 Personal Products
Restatement
Inclusion of some distribution expenses under cost of goods sold reduces comparative gross profit by 7.6%, highlighting comparability issue.

Beiersdorf Aktiengesellschaft Monitor

Beiersdorf Aktiengesellschaft Annual Report 2013
CR Monitor Issue: 
2014/0710
Company covered: 
Beiersdorf Aktiengesellschaft
Period End: 
31 December 2013
Report issued on 21 July 2014 covered the following practice issues:
Pronouncements
End of corridor method for pensions reduces comparative equity by 4.4%.
Pronouncements
Additional fair value disclosures for financial instruments.

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2012
CR Monitor Issue: 
2013/0602
Company covered: 
Beiersdorf AG
Period End: 
31 December 2012
Report issued on 04 June 2012 covered the following practice issues:
Restatement
Prior year financial statements restated for accounting errors.
Pronouncements
Impact of revised IAS 19 disclosed.