Berendsen

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.

Berendsen Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0809
Period End: 
30 June 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2791 Business Support Services
Auditor: 
PricewaterhouseCoopers
Pronouncements
Impact of impending revenue and financial instruments rules under assessment.
Restatement
Segmental information restated.

Berendsen plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2013/1107
Period End: 
30 June 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2791 Business Support Services
Auditor: 
PricewaterhouseCoopers
Pronouncements
Retrospective adoption of new pension rules reduces comparative profit.
Pronouncements
Application of fair value measurement Standard leads to increased disclosure on financial instruments.
Pronouncements
Required classification of other comprehensive income adopted.

Berendsen plc

Berendsen plc Annual Report 2011
CR Monitor Issue: 
2012/0603
Company covered: 
Berendsen plc
Period End: 
31 December 2011
Report issued on 11 June 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Voluntary disclosure of income statement information under a new business segmental structure effective next year.
Change
Improvements in disclosure of tax relating to items recognised outside profit or loss.
Change
Depreciation disaggregated across owned and leased assets.