Europe 350

InterContinental Hotels Group plc Monitor

InterContinental Hotels Group plc Annual Report 2018
CR Monitor Issue: 
2018/0619
Company covered: 
InterContinental Hotels Group plc
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure of key audit matters in the auditors' report.
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Introduction of reconciliations showing the calculation of non-IFRS performance measures.

Bayerische Motoren Werke AG Monitor

Bayerische Motoren Werke AG Annual Report 2017
CR Monitor Issue: 
2018/0618
Company covered: 
Bayerische Motoren Werke AG
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Disclosure of financial impact of new accounting standards issued but not yet effective: IFRS 9 "Financial instruments", IFRS 15 " Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 “Statement of cash flows”.
Change
Inclusion of a discussion on key audit matters in the auditors' report.
Change
Introduction of a table disclosing the valuation method and the inputs used for level 3 financial instruments.
Change
Increased disaggregation of contingent liabilities analysis.
New
Disclosure of directors remuneration enhanced by inclusion of remuneration analysis diagram.

LafargeHolcim Ltd Monitor

LafargeHolcim Ltd Annual Report Year
CR Monitor Issue: 
2018/0617
Company covered: 
LafargeHolcim Ltd
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in financing liabilities following adoption of amendment to IAS 7 "Statement of cashflows"
Change
Results of joint ventures reclassified within operating profit.
Change
Change in definition of highlighted measure of EBITDA.
Change
Auditors' report enhanced by inclusion of application of materiality and overview of audit scope sections.
Change
Introduction of a discussion on key risks in the strategic report.
Change
Summarised disclosure of proposed changes to the directors remuneration policy.

Michelin Monitor

Michelin Annual Report 2017
CR Monitor Issue: 
2018/0614
Company covered: 
Michelin
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Pronouncements
Extended discussion in respect of new accounting standards including IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Restatement
Prior year restatement recognised in relation to cash and cash equivalents.
Change
Alteration to depreciation life accounted for as a change in accounting estimate.
Change
Intangible assets recognised following a business acquisition.

Standard Chartered plc Monitor

Standard Chartered Annual Report 2017
CR Monitor Issue: 
2018/0612
Company covered: 
Standard Chartered plc
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Change
Change in balance sheet format including inclusion of extra line items.
Pronouncements
Detailed disclosure of expected impact of IFRS 9 "Financial instruments" including quantification.
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Recognition of prior year adjustment in respect of contingent liabilities and commitments.

UCB SA Monitor

UCB SA Annual Report 2017
CR Monitor Issue: 
2018/0611
Company covered: 
UCB SA
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenue from contracts with customers" using a full retrospective approach.
Pronouncements
Enhanced disclosure in respect of the future impacts of IFRS 16 "Leases".
Change
Fair value of previously held interest in business acquired taken into account in calculation of goodwill.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Discussion of key audit matters included in the auditors' report.
Change
Extended disclosure of principal risks including identification of a new risk factor.

Nestle S.A. Monitor

Nestle S.A. Annual Report 2017
CR Monitor Issue: 
2018/0608
Company covered: 
Nestle S.A.
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Disclosure of discussion in respect of IFRIC 23 "Uncertainty over income tax treatments".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of an amendment to IAS 7 "Statement of cash flows".
Restatement
Change in segment reporting structure results in prior year restatement.
Change
Disclosure of information in respect business acquisition completed after the balance sheet date.
New
Insertion of a new tabular disclosure on trade and other payables by type.

Geberit AG Monitor

Geberit AG Annual Report 2017
CR Monitor Issue: 
2018/0606
Company covered: 
Geberit AG
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 9 "Financial instruments" leads to disclosure changes.
Pronouncements
Enhanced disclosure in respect of new standards and interpretations not yet applicable.
Pronouncements
Reconciliation of movements in liabilities arsing from financing activities presented following adoption of amendment to IAS 7 "Statement of cash flows"
Change
Change in amortisation treatment of trademarks following a change in brand strategy disclosed in post balance sheet events note
Change
Change in method of measuring currency risk.

Umicore SA Monitor

Umicore SA Annual Report 2017
CR Monitor Issue: 
2018/0607
Company covered: 
Umicore SA
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Change
Bargain purchase resulting in recognition of business acquisition gain.
Change
Business acquisition loss recognised in respect of acquisition achieved in stages.
Change
Disclosure of share issue and a business acquisition and disposal in a post balance sheet events note.
Pronouncements
Disclosure included in respect of IFRIC 23 "Uncertainty over income tax treatments"

Schroders plc Monitor

Schroders plc Annual Report 2017
CR Monitor Issue: 
2018/0610
Company covered: 
Schroders plc
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in relation to new standards not yet effective namely, IFRS 15 "Revenues from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Change
Extended disclosure in audit report in respect of directors and auditors responsibilities.
Change
Changes in key performance indicators.
Change
Extended analysis included in financial assets note.
Change
Property plant and equipment analysed by type.