IAS 10 (revised) 'Events after the reporting period'

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2017
CR Monitor Issue: 
2018/0206
Company covered: 
Thomas Cook Group plc
Period End: 
30 September, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Correction of accounting errors result in prior year adjustments.
Change
Key audit matters section included in auditors report.
Change
Risk disclosures enhanced by disclosure of link to strategy and movements compared to the prior year.
Change
New financing agreement highlighted in post balance sheet events note.

Sports Direct International plc Monitor

Sports Direct International plc Annual Report 2017
CR Monitor Issue: 
2018/0205
Company covered: 
Sports Direct International plc
Period End: 
30 April, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Segment reporting structure altered to show international retail business separately.
Change
Aggregate information disclosed in respect of immaterial business combinations.
Change
Profit on disposal of a subsidiary highlighted on the face of the income statement.
Change
Introduction of detailed disclosure in respect of related parties.
Change
Purchase of company strategic stakes disclosed in post balance sheet events note.
Change
Identification of "brexit" as a new principal risk factor.

Barratt Developments plc Monitor

Barratt Developments plc Annual Report Year
CR Monitor Issue: 
2018/0107
Company covered: 
Barratt Developments plc
Period End: 
30 June, 2017
Report issued on 16 January 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of the impending future impacts of new accounting standards including IFRS 9, IFRS 15 and IFRS 16.
Change
Separate disclosure of equity accounted investment cash flows on a gross basis.
New
Disclosure of non-adjusting post balance sheet events included in the notes to the accounts.
Change
Presentation of the audit report enhanced by inclusion of a diagram showing the application of materiality.

RSA Insurance Group Monitor

RSA Insurance Group Annual Report 2016
CR Monitor Issue: 
2017/1206
Company covered: 
RSA Insurance Group
Period End: 
31 December, 2016
Report issued on 12 December 2017 covered the following practice issues:
Restatement
Operating activities section of cash flow statement restated following a classification review.
Restatement
Segment reporting restated following introduction of new reporting segment.
Change
Financial instrument disclosures enhanced by introduction of table in respect of netting arrangements.
Change
Disposal of legacy insurance business explained in post balance sheet events note.
Restatement
Restatement of investments considered to be a structured entity following review of the definition.
Change
Capital management disclosures enhanced by inclusion of sensitivity analysis.

Antofagasta plc Monitor

Antofagasta plc Annual Report 2016
CR Monitor Issue: 
2017/1108
Company covered: 
Antofagasta plc
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Change
Exceptional items including impairments highlighted separately on the face of the income statement by way of a multi-column format.
Change
Results of subsidiary disposed disclosed separately as a discontinued operation.
Change
Disclosure of negative investment in joint venture.
Change
Presentation of deferred tax assets by reporting segment.
Change
Tabular disclosure of principal risks includes new risk factor in respect of "Corruption activities".
Pronouncements
Quantified disclosure of the expected impact of new leasing standard.

Land Securities Group Plc Monitor

Land Securities Group Plc Annual Report 2017
CR Monitor Issue: 
2017/1012
Company covered: 
Land Securities Group Plc
Period End: 
31 March, 2017
Report issued on 31 October 2017 covered the following practice issues:
Change
Consideration of materiality results in aggregation of non-significant amounts on the face of the primary financial statements.
New
Disclosure of non-adjusting post balance sheet events included in the notes to the accounts.
Restatement
Financial instrument and fair value disclosures restated to include other investments for the first time.

Koninklijke DSM N.V. Monitor

Koninklijke DSM N.V. Annual Report 2016
CR Monitor Issue: 
2017/1010
Company covered: 
Koninklijke DSM N.V.
Period End: 
31 December, 2016
Report issued on 24 October 2017 covered the following practice issues:
Change
Income statement format altered to exclude disclosure of exceptional items.
Change
Cash received following reduction of holding in associated undertaking reflected as a cash flow from investing activities.
Restatement
Presentation of related party disclosures enhanced to show transactions with associates and joint ventures separately.
Change
Reconciliation of movements in financial instruments extended to include an analysis of loans to associates and joint ventures.
Change
Disclosure of key audit matters extended to include "valuation of a joint venture" and "alternative performance measures" as new areas.
New
Post balance sheet business acquisition highlighted in subsequent events note.

Tesco PLC Monitor

Tesco PLC Annual Report 2017
CR Monitor Issue: 
2017/0904
Company covered: 
Tesco PLC
Period End: 
25 February, 2017
Report issued on 08 September 2017 covered the following practice issues:
Change
Auditors identify "Tesco Bank payment fraud" as a risk of material misstatement.
Change
Balance sheet format altered to correctly present assets and liabilities as either current or non-current.
Change
Impairment recognised as adjusting post balance sheet event as part of discontinued operations.
New
Discussion of critical judgements introduced.
Restatement
Restatement of carrying amount of non-current liabilities within material joint venture to reflect credit risk valuation adjustments.

UBM plc Monitor

UBM plc Annual Report 2016
CR Monitor Issue: 
2017/0902
Company covered: 
UBM plc
Period End: 
31 December, 2016
Report issued on 5 September 2017 covered the following practice issues:
Pronouncements
Disclosure of non-quantified impact of amendments to IFRS 2 and new leasing standard IFRS 16.
Change
Disclosure added of reasonably possible changes in assumption that would lead to recoverable amount of goodwill equalling the carrying amount.
Restatement
Restatement of provision in respect of trade receivables without explanation.
New
Subsequent events note added includes disclosure of post balance sheet acquisitions and disposals.
Change
Breakdown of defined benefit pension scheme assets by class in absolute rather than percentage terms.

Euromoney Institutional Investor PLC Monitor

Euromoney Institutional Investor PLC Annual Report 2016
CR Monitor Issue: 
2017/0806
Company covered: 
Euromoney Institutional Investor PLC
Period End: 
30 September, 2016
Report issued on 08 August 2017 covered the following practice issues:
Restatement
Segment reporting restated following implementation of new business strategy.
Change
Mutli-employer pension scheme accounted for as a defined benefit scheme for the first time.
Change
Auditors report extended by inclusion of disclosure of new areas of audit focus.
Change
Method of valuation disclosed in relation to business held for sale.
Change
Extended analysis of deferred income