Savills

Savills plc Monitor

Savills plc Annual Report 2017
CR Monitor Issue: 
2018/0812
Company covered: 
Savills plc
Period End: 
31 December, 2017
Report issued on 21 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate disclosure of director and auditor responsibilities in audit report.
Pronouncements
Presentation of a reconciliation of movements in borrowings on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure showing movements in current and non-current deferred consideration.
Pronouncements
Extended disclosure on the expected impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure in respect of goodwill impairment recognised.

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.

Savills PLC Monitor

Savills PLC Annual Report 2016
CR Monitor Issue: 
2017/0610
Company covered: 
Savills PLC
Period End: 
31 December, 2016
Report issued on 27 June 2017 covered the following practice issues:
Change
Additional goodwill recognised on finalisation of provisional acquisition fair values.
Change
Earn-out linked to business acquisitions accounted for separately.
Change
De-recognition of non-controlling interest on acquisition of remaining stake.

Savills plc Monitor

Savills plc Annual Report 2015
CR Monitor Issue: 
2016/0802
Company covered: 
Savills plc
Period End: 
31 December, 2015
Report issued on 12 August 2016 covered the following practice issues:
Change
Estimated useful life range disclosed in respect of customer relationships altered.
Pronouncements
Introduction of viability statement looking forward for three years.
Restatement
Segmental information restated follow business acquisition.

Savills plc

Savills plc Annual Report 2011
CR Monitor Issue: 
2012/0705
Company covered: 
Savills plc
Period End: 
31 December 2011
Report issued on 11 July 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Description provided for each class of provisions.
Change
Financial services segment no longer reported separately following disposal.