Grainger

Grainger plc Monitor

Grainger plc Annual Report 2017
CR Monitor Issue: 
2018/0516
Company covered: 
Grainger plc
Period End: 
30 September, 2017
Report issued on 28 May 2018 covered the following practice issues:
Change
Audit report includes discussion of key audit matters.
Pronouncements
Extended disclosure in respect of new standards issued but not yet effective namely IFRS 9, IFRS 15, IFRS 16.
Change
Introduction of tabular disclosure illustrating the calculation of net debt and the loan to value ratio.
Change
Extended disclosure of principal risks includes identification of new risk areas.
Change
Presentation of a maturity analysis of amounts receivable as a lessor.
Change
Acquisition of properties and new funding arrangements disclosed as post balance sheet events.

Grainger plc Monitor

Grainger plc Annual Report 2016
CR Monitor Issue: 
2017/0809
Company covered: 
Grainger plc
Period End: 
30 September, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Businesses disposed of reflected as discontinued operations
Change
Movements in investment in joint venture no longer disclosed separately for net assets and loans.
Divergence
No presentation of reconciliations of movements in property, plant & equipment, intangible assets and provisions.
Change
Disclosure of significant accounting policies in each individual relevant note.
Pronouncements
Disclosure of change in non-audit services policy in line with FRC guidance
Change
Directors’ remuneration policy revised to align with strategic goals.

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.

Grainger plc Monitor

Grainger plc Annual Report 2014
CR Monitor Issue: 
2015/0115
Company covered: 
Grainger plc
Period End: 
30 September 2014
Report issued on 27 January 2015 covered the following practice issues:
Pronouncements
Property portfolio classed at Level 3 of fair value hierarchy.
Pronouncements
Early adoption not foreseen for new IFRS Standards.

Grainger plc Monitor

Grainger plc Annual Report 2013
CR Monitor Issue: 
2014/0203
Company covered: 
Grainger plc
Period End: 
30 September 2013
Report issued on 04 February 2014 covered the following practice issues:
Pronouncements
Audit report includes commentary on audit focus, materiality and scope in line with amended Standard.
Restatement
Payments to defined benefit scheme now disclosed as cash flows from operating activities.
Change
Gain recognised on change in holding of associate.

Grainger plc Monitor

Grainger plc Annual Report 2012
CR Monitor Issue: 
2013/0204
Company covered: 
Grainger plc
Period End: 
30 September 2012
Report issued on 05 February 2013 covered the following practice issues:
Change
Reduced offsetting of income and expenses on face of income statement.
Change
Classification of subsidiaries as held for sale.
Restatement
Key management remuneration restated following management restructuring.

Grainger plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2012/1202
Period End: 
31 March 2012
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
8633 Real Estate Holding & Development
Pronouncements
No significant effects from changes to IFRS.
Change
Tax relating to components of other comprehensive income separately presented.
Change
New notes on revenue, other income and expenses and derivatives added to interims.

The classification of acquisition transaction costs, an emerging issue under IFRS

This report focuses on companies’ presentation of acquisition-related costs both in the income and cash flow statements. More specifically it considers where such costs are reflected in the income statement and whether they are identified as operating or investing in nature within the cash flow statement.