IAS 8 (revised) 'Accounting policies, changes in accounting estimates and errors'

ITV plc Monitor

ITV plc Annual Report 2018
CR Monitor Issue: 
2019/0621
Company covered: 
ITV plc
Period End: 
31 December, 2018
Report issued on 28 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9) and from 1 January 2018.
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 16 Leases (IFRS 16).
Change
Disclosure of assets classified as held for sale during the year.

NMC Health Plc Monitor

NMC Health Plc Annual Report 2018
CR Monitor Issue: 
2019/0701
Company covered: 
NMC Health Plc
Period End: 
31 December, 2018
Report issued on 01 July 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 of the expected impact of IFRS 16 Leases applicable from 1 January 2019.
Change
Recognition of a gain on bargain purchase in the income statement.
Change
The post balance sheet events note includes disclosure of a newly formed strategic partnership.
Change
New disclosures in respect of finance leases acquired during the year.
Change
Extended disclosure within the ‘post employment benefit plans’ note.

Hiscox Ltd Monitor

Hiscox Ltd Annual Report 2018
CR Monitor Issue: 
2019/0621
Company covered: 
Hiscox Ltd
Period End: 
31 December, 2018
Report issued on 25 June 2019 covered the following practice issues:
Restatement
Change in functional and presentational currency with restatement of comparative information.
Restatement
The segmental reporting structure has been revised.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers from 1 January 2018.
Pronouncements
Disclosure of the expected impact of adopting IFRS 16 Leases, IFRS 9 Financial Instruments and Amendments to IAS 19.
Change
The recognition of a past service cost following the equalisation of Guaranteed Minimum Pensions (GMP) for both men and women.
Change
Restatement of line items within 'cash flows from financing activities' in the comparative period of the cash flow statement with nil net impact on overall cash flows.

Fresnillo plc Monitor

Fresnillo plc Annual Report 2018
CR Monitor Issue: 
2019/0620
Company covered: 
Fresnillo plc
Period End: 
31 December, 2018
Report issued on 20 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 Considerations from 1 January 2018.
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 16 Leases and IFRIC 23 Uncertainty over Income Tax Treatments.
Change
Disclosure of a new key audit matter in the audit report.

Aveva Group Plc Monitor

Aveva Group Plc Annual Report 2019
CR Monitor Issue: 
2019/0619
Company covered: 
Aveva Group Plc
Period End: 
31 March, 2019
Report issued on 20 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 April 2018.
Pronouncements
Quantification of the expected impact of IFRS 16 Leases applicable from 1 April 2019.
Change
Finalisation of the accounting of a reverse acquisition in the prior year.
Change
Past service cost recognised for the equalisation of Guaranteed Minimum Pensions (GMP).

GlaxoSmithKline plc Monitor

GlaxoSmithKline plc Annual Report 2018
CR Monitor Issue: 
2019/0618
Company covered: 
GlaxoSmithKline plc
Period End: 
31 December, 2018
Report issued on 19 June 2019 covered the following practice issues:
Pronouncements
Adoption of 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 the expected future impact of new accounting standard IFRS 16 Leases.
Change
Disclosure of events after the balance sheet date.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
Disclosure in respect of ‘transactions signed but not yet completed’ within the acquisitions and disposal note.

Croda International plc Monitor

Croda International plc Annual Report 2018
CR Monitor Issue: 
2019/0616
Company covered: 
Croda International plc
Period End: 
31 December, 2018
Report issued on 19 June 2019 covered the following practice issues:
Pronouncements
The adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers from 1 January 2018 has had minimal impact.
Pronouncements
Disclosure of expected impact of adopting IFRS 16 Leases from 1 January 2019.
Change
The impact of equalisation of Guaranteed Minimum Pensions (GMP) for both men and women is disclosed.
Change
Discussion on a new restricted share plan issued to employees.
Change
Additional disclosure within the auditor’s report is discussed.

Coca-Cola HBC AG Monitor

Coca-Cola HBC AG Annual Report 2018
CR Monitor Issue: 
2019/0615
Company covered: 
Coca-Cola HBC AG
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Pronouncements
Adopted IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments from 1 January 2018.
Pronouncements
Disclosures on expected impact of IFRS 16 extended with quantification provided.
Change
Disclosure of events after the balance sheet date.
Change
Modification of performance share plan in the current year.
Change
New sections in the auditors’ report added in respect of ‘capability of the audit in detecting irregularities, including fraud’ and for ‘going concern’.

Segro plc Monitor

Segro plc Annual Report 2018
CR Monitor Issue: 
2019/0614
Company covered: 
Segro plc
Period End: 
31 December, 2018
Report issued on 14 June 2019 covered the following practice issues:
Restatement
The segmental reporting structure has been revised.
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers from 1 January 2018.
Pronouncements
Disclosure of expected impact from adopting amendment to IFRS 3 Business combinations from 1 January 2020.
Change
The recognition of pension buy-out costs in the income statement.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.

Paddy Power Betfair plc Monitor

Paddy Power Betfair plc Annual Report 2018
CR Monitor Issue: 
2019/0613
Company covered: 
Paddy Power Betfair plc
Period End: 
31 December, 2018
Report issued on 14 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
Expected impact of adopting IFRS 16 Leases from 1 January 2019 is quantified.
Change
Disclosure of the merger of a newly acquired and existing business.
Change
£26.5 million impairment recognised against goodwill within the US business.
Change
Gain recognised on disposal of a non-controlling interest.
Change
Disclosure of events after the balance sheet date, including an acquisition for consideration of £101 million.