IAS 1 'Presentation of financial statements'

Fiat Chrysler Automobiles N.V. Monitor

Fiat Chrysler Automobiles N.V. Annual Report 2016
CR Monitor Issue: 
2017/0508
Company covered: 
Fiat Chrysler Automobiles N.V.
Period End: 
31 December, 2016
Report issued on 15 May 2017 covered the following practice issues:
Change
Change in presentation of statement of financial position sees liabilities classified under current and non-current.
Change
Restatement of prior year deferred tax assets linked to adoption of IAS 19 and acquisition of a non-controlling interest.
Restatement
Income statement restated to reclassify other income/expense to selling, general and other costs.

Randstad Holding NV Monitor

Randstad Holding NV Annual Report 2016
CR Monitor Issue: 
2017/0504
Company covered: 
Randstad Holding NV
Period End: 
31 December, 2016
Report issued on 09 May 2017 covered the following practice issues:
Change
Disclosure of goodwill recognised and other acquisition information in respect of multiple material and individually immaterial business combinations during the year. 
Pronouncements
Improved disclosures on impacts of impending standard on leases.
Change
Improved presentation of comprehensive income to disclose separately items that "may be reclassified subsequently to the income statement" and items that will not.
Restatement
Re-designation of held to maturity instruments as loans and receivables.

Imagination Technologies Group plc Monitor

Imagination Technologies Group plc Annual Report 2016
CR Monitor Issue: 
2017/0410
Company covered: 
Imagination Technologies Group plc
Period End: 
30 April, 2016
Report issued on 25 April 2017 covered the following practice issues:
Change
Breach of a covenant of a borrowing facility results in re-classification of a liability as current.
Change
Discussion of going concern assumption includes reference to covenant breach.
Change
Disclosure of principal risks extended to include discussion of covenant breach.
Change
Income statement format altered with "separately disclosable items" highlighted in a separate column.
Restatement
Research and development disclosure restated following a more appropriate cost allocation.
New
Separate disclosure of movements in provisions introduced.

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.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2016
CR Monitor Issue: 
2017/0406
Company covered: 
ArcelorMittal SA
Period End: 
31 December, 2016
Report issued on 11 April 2017 covered the following practice issues:
Change
Reclassification of collections linked to sold receivables from ‘accrued expenses and other liabilities’ to ‘trade accounts payable and other’.
Restatement
Loss per share restated to adjust for the bonus element of a rights issue.

Income taxes - Kone corporation

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
PricewaterhouseCoopers

Novartis AG Monitor

Novartis AG Annual Report 2016
CR Monitor Issue: 
2017/0402
Company covered: 
Novartis AG
Period End: 
31 December, 2016
Report issued on 04 April 2017 covered the following practice issues:
Change
Change in segment disclosure to reflect changes in organisational structure.
Pronouncements
Introduction to audit report of a table disclosing key audit matters.
Change
Presentation of additional income statement, statement of changes in equity and cash flow statement comparative information.

BT Group plc Monitor

BT Group plc Annual Report 2016
CR Monitor Issue: 
2017/0403
Company covered: 
BT Group plc
Period End: 
31 March, 2016
Report issued on 04 April 2017 covered the following practice issues:
Change
Business combination disclosures include detailed goodwill explanation and fair value information.
Change
New mobile reporting segment identified following business combination.
Change
Commissions paid to dealers identified as an area of audit focus.
Change
Disclosure of critical accounting estimates and judgements extended.
Pronouncements
Detailed disclosure on the future impacts of IFRS 15.
Change
Extended disclosure of inventory information including disaggregation.

Marks and Spencer Group plc Monitor

Marks and Spencer Group plc Annual Report 2016
CR Monitor Issue: 
2017/0312
Company covered: 
Marks and Spencer
Period End: 
2 April, 2016
Report issued on 28 March 2017 covered the following practice issues:
New
Acquisition of additional interest in joint venture recorded as step acquisition.
Divergence
Calculation of goodwill in respect of step acquisition unclear leading to doubt over IFRS compliance.
New
Intangible impairments recognised in respect of European business.
Change
Auditors’ report presentation enhanced through inclusion of pie-chart and graphs.
Change
Financial statement period extended.
Change
Proposed changes to employee retirement benefits disclosed as a post balance sheet event.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2016
CR Monitor Issue: 
2017/03008
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2016
Report issued on 21 March 2017 covered the following practice issues:
New
Control of previous joint venture achieved through stepped acquisition.
Restatement
Segment information restated to show joint ventures and associates on an equity accounting basis.
Change
Change in impairment valuation technique from value-in-use to fair value less cost of disposal for goodwill acquired last year.
Change
Table introduced showing cash flow impacts from individual exceptional items.
Change
Narrative description of key factors impacting the sustainability of its effective tax rate presented.
Change
Additional disclosures on accounting estimates and judgement relating to inventories and taxation presented.