IFRS 12 'Disclosure of interests in other entities'

Beazley plc Monitor

Beazley plc Annual Report 2017
CR Monitor Issue: 
2018/0616
Company covered: 
Beazley plc
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of new standards: IFRS 17 "Insurance contracts"; IFRS 16 "Leases"; IFRS 9 "Financial instruments"; and IFRS 15 "Revenues from contracts with customers".
New
Recognition of intangible assets following a business combination.
Restatement
Restatement of segmental reporting structure.
Change
High yield bond funds included in analysis of unconsolidated structured entities.
Change
Auditors' report includes separate sections discussing director and auditor responsibilities.
Change
Extended disclosure of principal risks.

Roche Holding Ltd Monitor

Roche Holding Ltd Annual Report 2017
CR Monitor Issue: 
2018/0521
Company covered: 
Roche Holding Ltd
Period End: 
31st December 2017
Report issued on 29 May 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of new accounting standards.
Change
Additional information disclosed in respect of provisions.
Change
Disclosure of IFRS 5 information linked to business disposals.
Change
Change in presentation of cash flows from investing activities.
Change
Calculation of goodwill linked to step acquisitions takes into account fair value of previously held interests.
Change
Newly acquired investment in associate accounted for using the equity method.

ASML Holding N.V. Monitor

ASML Holding N.V. Annual Report 2017
CR Monitor Issue: 
2018/0413
Company covered: 
ASML Holding N.V.
Period End: 
31 December, 2017
Report issued on 15 April 2018 covered the following practice issues:
Restatement
Restatement of sales breakdown included in segment disclosures.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows"
Pronouncements
Extended disclosure in respect of new standards including quantification of the expected impact of IFRS 16 "Leases".
Change
Summary information disclosed in respect of newly acquired associate.
Change
Disclosure of related party transactions with associate.

Henkel AG & Co. KGaA Monitor

Henkel AG & Co. KGaA Annual Report 2017
CR Monitor Issue: 
2018/0409
Company covered: 
Henkel AG & Co. KGaA
Period End: 
31 December, 2017
Report issued on 10 April 2018 covered the following practice issues:
Pronouncements
Additional cash flow disclosure in relation to changes in liabilities arising from financing activities.
Pronouncements
Extended disclosure on the expected future impacts of new accounting standards.
Restatement
Finalisation of prior year business combination amounts.
Change
Audit report includes discussion of key audit matters.

Siemens AG Monitor

Siemens Aktiengesellschaft Annual Report 2017
CR Monitor Issue: 
2018/0213
Company covered: 
Siemens AG
Period End: 
30 September, 2017
Report issued on 27 February 2018 covered the following practice issues:
Pronouncements
Discussion of key audit matters included in auditors report.
Pronouncements
Disclosure of impacts of new standards issued but not yet applicable including IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers"
Change
Added disclosure in respect of a subsidiary with a material non-controlling interest.

SuperGroup Plc Monitor

SuperGroup Plc Annual Report 2016
CR Monitor Issue: 
2017/0409
Company covered: 
SuperGroup Plc
Period End: 
30 April, 2016
Report issued on 18 April 2017 covered the following practice issues:
Restatement
Cash flow statement restated bringing presentation into line with stated policy.
Restatement
Segment information restated following allocation of central costs.
Change
Financial statements presented for an extended 53 week accounting period.
Change
Introduction of a reconciliation table showing movements in deferred tax balances.
Change
Disclosure of joint ventures introduced.

British Land Company PLC Monitor

British Land Company PLC Annual Report 2016
CR Monitor Issue: 
2017/0208
Company covered: 
British Land Company PLC
Period End: 
31 March, 2016
Report issued on 20 February 2017 covered the following practice issues:
Change
Change in format of the income statement.
Change
Cash flow from acquisition of additional interest in subsidiary reclassified to financing activities from investing activities.
Change
Identification of new reportable segment.
Change
Disclosure of new input used for valuation of investment property.
Change
Change in presentation for calculation of leverage ratio and financial covenants applicable for unsecured debt.
Divergence
Disclosure of summarised financial information in respect of subsidiary with material non-controlling interests not fully in line with information suggested by IFRS.

Ophir Energy plc Monitor

Ophir Energy plc Annual Report 2015
CR Monitor Issue: 
2016/1207
Company covered: 
Ophir Energy plc
Period End: 
31 December, 2015
Report issued on 19 December 2016 covered the following practice issues:
New
Disclosure on business combinations including fair values of net assets acquired.
New
Computation of Gross profit reflected in the income statement for the first time this year following business combination.
Inconsistent
Summarised joint venture information disclosed not fully in line with IFRS.
New
Impairment recognised in relation to newly acquired oil and gas properties.
New
Capital instrument disclosures extended to reflect information on interest bearing bank loans and bonds.
Change
Financial instrument disclosures extended to include information on contractual maturities of non-derivative financial liabilities.

National Grid plc Monitor

National Grid plc Annual Report 2016
CR Monitor Issue: 
2016/1101
Company covered: 
National Grid plc
Period End: 
31 March, 2016
Report issued on 1 November 2016 covered the following practice issues:
Change
Enhanced clarity of audit report by using graphical and tabular presentations.
Change
Disclosure of summarised financial information for a material joint venture.
Change
Segment analysis of net book value of property, plant and machinery and other intangible asset presented.
Change
Disclosure of aggregated information relating to pensions and other post-retirement benefits.

Big Yellow Group PLC Monitor

Big Yellow Group PLC  Annual Report 2016
CR Monitor Issue: 
2016/1007
Company covered: 
Big Yellow Group PLC
Period End: 
31 March, 2016
Report issued on 17 October 2016 covered the following practice issues:
Change
Discussion of a new area of risk in the table of Principal risks.
Change
Restatement of summarised financial information for investment in associate following change in accounting treatment of a lease.
Restatement
Expanded breakdown of cash flows from borrowings within financing activity section of the cash flow statement.
New
Acquisition of new stores identified as post balance sheet event.
Change
Viability statement looking forward for four years presented.
Pronouncements
Presentation of a full list of subsidiaries rather than just principal subsidiaries.