IFRS 10 'Consolidated financial statements'

Ultra Electronics Holdings plc Monitor

Ultra Electronics Holdings plc Annual Report 2016
CR Monitor Issue: 
2017/1007
Company covered: 
Ultra Electronics Holdings plc
Period End: 
31 December, 2016
Report issued on 17 October 2017 covered the following practice issues:
Change
Business disposal loss highlighted in a separate line on the face of the income statement.
Change
Cash inflow on partial disposal of a subsidiary reflected as a financing cash flow.
Change
Recognition of defined benefit pension gain on closure of scheme to future accrual.
Change
Qualitative disclosure as to the future impacts of IFRS 15 "Revenues from contracts with customers".
Change
Presentation of audit report enhanced by inclusion of a summary of the audit approach and diagrams in respect of materiality and audit scope.
Change
Clear presentation of changes in long-term incentive plan terms.

Babcock International Group Monitor

Babcock International Group Annual Report 2017
CR Monitor Issue: 
2017/1006
Company covered: 
Babcock International Group
Period End: 
31 March, 2017
Report issued on 10 October 2017 covered the following practice issues:
Change
Cash outflow on acquisition of non-controlling interest reflected within financing section of the cash flow statement
Change
Goodwill on business acquisition attributed to market position and the value of the workforce.
Pronouncements
Extended disclosure on the future impacts of IFRS 15 and IFRS 16.
Change
Impairment review leads to goodwill write-down.

Burberry Group plc Monitor

Burberry Group plc Annual Report 2017
CR Monitor Issue: 
2017/0908
Company covered: 
Burberry Group plc
Period End: 
31 March, 2017
Report issued on 19 September 2017 covered the following practice issues:
Change
Transactions with non-controlling shareholders lead to acquisition of increased share of economic rights in subsidiaries.
Change
Recognition of treasury shares following share buy back.
Change
Principal risk disclosures expanded to include discussion of Brexit.
New
Disclosure of a post balance sheet agreement to dispose of a business to a third party.
Pronouncements
Un-quantified disclosure as to the future impacts of IFRS 9 "Financial instruments".

Koninklijke Philips N.V. Monitor

Koninklijke Philips N.V. Annual Report 2016
CR Monitor Issue: 
2017/0812
Company covered: 
Koninklijke Philips N.V.
Period End: 
31 December, 2016
Report issued on 22 August 2017 covered the following practice issues:
Restatement
Reclassification of all net defined-benefit post-employment plan obligations under long-term provisions.
Change
Cash flow from sale of non-controlling interest in previously wholly owned subsidiary reflected as arising from financing activities.
Restatement
Reporting segment information restated following a change in organisational structure.
Change
Change in reporting segment profit measure.
Pronouncements
Detailed un-quantified disclosure of future impacts of new revenue standard.
Pronouncements
Un-quantified disclosure of the future impact of new financial instruments standard.

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.

Yara International ASA Monitor

Yara International ASA Annual Report 2015
CR Monitor Issue: 
2016/1110
Company covered: 
Yara International ASA
Period End: 
31 December, 2015
Report issued on 21 November 2016 covered the following practice issues:
Change
Gain on business disposal recognised as other income.
Change
Reporting of segmental information on new and old basis following change in the reporting structure.
Change
Disclosure of transactions with the non-controlling interest holders.
Change
Recognition of loss from impairment of interest in a joint venture.
Pronouncements
Positive and negative impacts of impending lease standard reported.
Change
Disclosure of new strategic risk.

SSE plc Monitor

SSE plc Annual Report 2016
CR Monitor Issue: 
2016/1107
Company covered: 
SSE plc
Period End: 
31 March, 2016
Report issued on 14 November 2016 covered the following practice issues:
Change
Sale of 49.9% equity share in subsidiary leads to recognition of minority interest and recognition of gain in reserves as there is no loss of control.
Change
Post balance sheet change in rights results in loss of control and reclassification of subsidiary as a joint ventures.
Change
Disclosures about changes in directors remuneration policy.
Change
Audit approach summary introduced to the audit report.
Change
Change in deprecation and related revenue recognition policy not fully explained.
Pronouncements
Disclosure of non-audit services policy in light of impending change in regulation.

HICL Infrastructure Company Limited Monitor

HICL Infrastructure Company Limited Annual Report 2015
CR Monitor Issue: 
2016/0211
Company covered: 
HICL Infrastructure Company Limited Monitor
Period End: 
31 March, 2015
Report issued on 26 February 2016 covered the following practice issues:
Change
Statement of changes in equity distinguishes cash and non-cash transactions with shareholders.
Pronouncements
No impact expected from Amendment to investment entities rules.
New
Business disposal results in gain of 21.9% of profit before tax.

British Empire Trust plc Monitor

British Empire Trust plc Annual Report 2015
CR Monitor Issue: 
2016/0109
Company covered: 
British Empire Trust plc
Period End: 
30 September, 2015
Report issued on 29 January 2016 covered the following practice issues:
Pronouncements
Income reclassified in primary statements, as investment entities exemption to consolidation applied.
Pronouncements
Maximum and actual leverage exposures disclosed per AIFM Directive.

Electra Private Equity plc Monitor

Electra Private Equity plc Annual Report 2015
CR Monitor Issue: 
2016/0107
Company covered: 
Electra Private Equity plc
Period End: 
30 September, 2015
Report issued on 22 January 2016 covered the following practice issues:
Pronouncements
Adoption of investment entities exemption, but no change to scope of consolidation.
Pronouncements
Viability statement under UK Corporate Governance Code 2014 looks ahead for three years.