IFRS 16 'Leases'

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.

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.

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.

Tullow Oil PLC Monitor

Tullow oil PLC Annual Report Year
CR Monitor Issue: 
2018/0613
Company covered: 
Tullow oil PLC
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Added cash flow reconciliation disclosures.
Restatement
Restatement of basic and diluted EPS.

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.

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.

Pearson plc Monitor

Pearson plc Annual Report Year
CR Monitor Issue: 
2018/0603
Company covered: 
Pearson plc
Period End: 
31 December, 2017
Report issued on 05 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9, 15 and 16.
Change
Disclosure of additional key audit matters in the auditors' report.
Change
Detailed breakdown of assets and liabilities held for sale.

Swedish Match AB

Swedish Match AB Annual Report 2017
CR Monitor Issue: 
2018/0601
Company covered: 
Swedish Match AB
Period End: 
31 December, 2017
Report issued on 5 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new standards issued but not yet adopted IFRS 9,15 and 16.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7
Change
Detailed description of the factors that make up the goodwill recognised following a business acquisition.