WH Smith

WH Smiths Plc Monitor

WH Smiths Plc Annual Report 2018
CR Monitor Issue: 
2019/0206
Company covered: 
WH Smiths Plc
Period End: 
31 August, 2018
Report issued on 19 February 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the expected impact of new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Exceptional non-underlying items including restructuring costs highlighted on the face of the income statement.
Change
Non-underlying items identified as a new key audit matter.
Change
Disclosure in respect of business acquisition made during the year.
Change
Disclosure made in respect of post balance sheet share buyback

Operating Lease disclosures under IFRS

This report sets out our findings in respect of a review of the operating lease disclosures when acting as lessee of 35 companies listed on the London stock exchange. We consider a number of points including the disclosure, as currently governed under IFRS by IAS 17 “Leases”, of total future minimum lease payments focusing on the assets identified and the time periods presented; disclosure of minimum sublease payments expected to be received; disclosure of lease and sublease payments recognised in the period; and disclosure of the general terms of significant leasing arrangements including contingent rent payable basis, the existence and terms of renewal or purchase options and escalation clauses and restrictions imposed by lease arrangements such as those concerning dividends, additional debt and further leasing. 

WH Smith Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0409
Period End: 
28 February 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5379 Specialty Retailers
Auditor: 
PricewaterhouseCoopers
Change
Analysis of capital expenditure introduced.

WH Smith plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0701
Period End: 
28 February 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5379 Specialty Retailers
Auditor: 
Deloitte
Pronouncements
Revised pension rules decrease profit before tax by 2.8%.
Restatement
Schedule of contributions to pension trust recognised retrospectively as liability.
Pronouncements
Disclosures on financial instruments at fair value introduced.
Change
"Headline" figures excluding non-cash pension charges disclosed.

WH Smith plc Monitor

WH Smith plc Annual Report 2013
CR Monitor Issue: 
2014/0402
Company covered: 
WH Smith plc
Period End: 
31 August 2013
Report issued on 08 April 2014 covered the following practice issues:
Restatement
Recognition of minimum pension funding requirement liability reduces equity by 32.9%.
Change
Impact of revised pension rules on headline profit measures disclosed.

Segmental information - WH Smith plc

Period End: 
31 August 2010
Period End Date: 
2010-08-31
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5379 Specialty Retailers
Auditor: 
Deloitte

WH Smith plc

WH Smith plc Annual Report 2011
CR Monitor Issue: 
2012/0211
Company covered: 
WH Smith plc
Period End: 
31 August 2011
Report issued on 20 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Restatement
Prior year fair value of pension assets restated to reflect "a change in valuation on a section of" these assets.
Divergence
No disclosure of the impact of changing from RPI to CPI inflation assumption on future deferred member pension liabilities.

Impacts Of Changes To Corporation Tax, an emerging issue under IFRS

This report reviews a small sample of UK companies  that disclose the impact of the government’s announced change to corporation tax.