IAS 8 'Net profit or loss for the period, fundamental errors and changes in accounting policies'

Anglo American plc Monitor

Anglo American plc  Annual Report 2018
CR Monitor Issue: 
2019/0624
Company covered: 
Anglo American plc
Period End: 
31 December, 2018
Report issued on 28 June 2019 covered the following practice issues:
Restatement
Segmental information restated due to changes in the segmental structure.
Pronouncements
IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments adopted from 1 January 2018.
Pronouncements
Extended disclosures, including quantification of the expected impact of IFRS 16 Leases.
Change
Additional disclosures in the subsequent events note relating to the termination of a contract.
Change
New section in the auditors’ report on the ‘extent to which the audit was considered capable of detecting irregularities, including fraud’.
Change
Loss on curtailment recognised in the income statement due to a transfer of liabilities in a defined benefit pension plan.

Informa Plc Monitor

Informa Plc Annual Report 2018
CR Monitor Issue: 
2019/0622
Company covered: 
Informa Plc
Period End: 
31 December, 2018
Report issued on 26 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated on the adoption of IFRS 15 Revenue from Contracts with Customers and the presentation of reportable segments has been changed.
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.
Change
Critical accounting judgements and key sources of estimation uncertainty disclosures are extended to include additional information.
Change
Disclosure on new key audit matters included within the auditors’ report with an additional section relating to irregularities and fraud.
Change
Assets and liabilities held for sale are disclosed separately within the statement of financial position.

Ted Baker Plc Monitor

Ted Baker Plc Annual Report 2018
CR Monitor Issue: 
2019/0617
Company covered: 
Ted Baker Plc
Period End: 
26 January, 2019
Report issued on 19 June 2019 covered the following practice issues:
Restatement
£12.1m of costs have been presented as exceptional items. Costs relating to retail asset impairments have been reclassified from administrative to distribution exceptional costs.
Pronouncements
Adoption of IFRS 9 Financial instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Pronouncements
Detailed disclosure in respect of the future impact of IFRS 16 Leases.
Change
Acquisition of a footwear business for cash consideration of £20.3 million.
Change
Disclosures on critical accounting judgements and key sources of estimation uncertainty are extended.
Change
New key audit matters are included in the auditors’ report.

AstraZeneca Plc Monitor

AstraZeneca Plc Annual Report 2018
CR Monitor Issue: 
2019/0612
Company covered: 
AstraZeneca Plc
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRIC 22 Foreign Currency Transactions and Advance Consideration with effect from 1 January 2018.
Pronouncements
Disclosure in respect of future impacts of adoption of IFRIC 23 Uncertainty over Income Tax Treatments and IFRS 16 Leases has been provided.
Pronouncements
Disclosure in respect of Amendments to IFRS 2 Share-based Payments.
Change
Assets held for sale are disclosed separately within the statement of financial position.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
Disclosures made in respect of post balance sheet events.

Reckitt Benckiser Group Plc Monitor

Reckitt Benckiser Group Plc Annual Report 2018
CR Monitor Issue: 
2019/0611
Company covered: 
Reckitt Benckiser Group Plc
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated to reflect changes in the presentation of reportable segments.
Pronouncements
Adoption of IFRS 9 Financial instruments with effect from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Change
Disclosure for implementation of restructuring plan RB 2.0.
Change
Disclosure is provided on the recent High Court ruling on equal guaranteed minimum pensions.
Change
Inclusion of a new key audit matter in the auditor’s report.

Bakkavor Group plc Monitor

Bakkavor Group plc Annual Report 2018
CR Monitor Issue: 
2019/0609
Company covered: 
Bakkavor Group plc
Period End: 
31 December, 2018
Report issued on 10 June 2019 covered the following practice issues:
Pronouncements
Additional disclosure as to the expected future impacts of adopting IFRS 15 Revenue from Contracts with Customers, IFRS 9 Financial Instruments, and IFRS 16 Leases.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.
Change
A property, plant and equipment impairment charge is recognised.
Change
A loss on disposal is recognised on the sale of a subsidiary.
Change
A bargain purchase gain is recognised on the acquisition of a subsidiary.

OneSavings Bank plc Monitor

OneSavings Bank plc Annual Report 2018
CR Monitor Issue: 
2019/0608
Company covered: 
OneSavings Bank plc
Period End: 
31 December, 2018
Report issued on 10 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments and IFRS 15 Revenue from contracts with customers, from 1 January 2018.
Pronouncements
Disclosure in respect of the expected impact of IFRS 16 Leases and amendment to IAS 12 Income Taxes.
Change
Disclosure of a new exceptional item.
Change
Information on the new post balance sheet event.
Change
Disclosure of information on net investment in finance lease and receivables.

Rightmove plc Monitor

Rightmove plc Annual Report 2018
CR Monitor Issue: 
2019/0607
Company covered: 
Rightmove plc
Period End: 
31 December, 2018
Report issued on 10 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
Adoption of IFRS 16 Leases from 1 January 2018.
Restatement
Comparative Earnings per share is restated following a subdivision of shares during the year.

Spirent Communications Plc Monitor

Spirent Communications Plc Annual Report 2018
CR Monitor Issue: 
2019/0606
Company covered: 
Spirent Communications Plc
Period End: 
31 December, 2018
Report issued on 07 June 2019 covered the following practice issues:
Pronouncements
Adopted IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9), from 1 January 2018.
Pronouncements
Disclosure in respect of expected future impact of the new accounting standard IFRS 16 Leases.
Change
Segment reporting for revenue now disaggregates by geographical location and by nature of products and services.
Change
The impact of equalising Guaranteed Minimum Pensions (GMP) results in recognition of a past service cost, which is classified under exceptional items.

William Hill Plc Monitor

William Hill Plc Annual Report 2019
CR Monitor Issue: 
2019/0516
Company covered: 
William Hill Plc
Period End: 
1 January, 2019
Report issued on 27 May 2019 covered the following practice issues:
Restatement
Service provider revenue which was previously recognised as other operating income is now classified as revenue.
Pronouncements
Disclosure of expected future impact of IFRS 16 Leases.
Change
Inclusion of a reconciliation presenting the movement in liabilities arising from financing activities.
Change
Significant impairment charge recognised during the year.
Change
Disclosure on the recent High Court ruling on equal guaranteed minimum pensions and recognition of a past service cost.
Change
Inclusion of a new key audit matter in the Auditors’ Report.