Accounting errors

Koninklijke Philips N.V. Monitor

Koninklijke Philips N.V. Annual Report 2017
CR Monitor Issue: 
2018/0401
Company covered: 
Koninklijke Philips N.V.
Period End: 
31 December,2017
Report issued on 03 April 2018 covered the following practice issues:
Restatement
Prior year adjustment recognised in respect of tax understatement.
Change
Presentation changes to the income statement, statement of financial position and statement of cash flows.
Change
Business no longer identified as a reporting segment following its reclassification as a discontinued operation.
Pronouncements
Enhanced disclosure regarding the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".

Renishaw plc Monitor

Renishaw plc Annual report 2017
CR Monitor Issue: 
2018/0209
Company covered: 
Renishaw plc
Period End: 
30 June, 2017
Report issued on 20 February 2018 covered the following practice issues:
Restatement
Prior year restatement following discovery of accounting error in respect of hedge accounting.
Change
Results of discontinued operations highlighted in a separate line item on the face of the income statement.
Change
Auditors report enhanced by inclusion of overview of audit approach section and audit scope diagrams.
Change
Alternative performance measures note added to the financial statements.

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.

Aviva plc Monitor

Aviva plc Annual Report 2017
CR Monitor Issue: 
2017/0712
Company covered: 
Aviva plc
Period End: 
31 December, 2016
Report issued on 25 July 2017 covered the following practice issues:
Restatement
Prior period correction recognised in respect of management charge rebates.
Pronouncements
Disclosure as per Solvency II capital adequacy regulation added on adoption.
Change
Enhancement of risk disclosure by inclusion of tabular presentation for risk preferences.
New
Introduction of a table showing principal risk trends.

Ocado Group plc Monitor

Ocado Group plc Annual Report 2016
CR Monitor Issue: 
2017/0612
Company covered: 
Ocado Group plc
Period End: 
27 November, 2016
Report issued on 27 June 2017 covered the following practice issues:
Restatement
Restatement of statement of other comprehensive income brings presentation into line with IFRS.
New
Disclosure of the external-audit tender process.
Change
Tabular disclosure of principal risks extended to identify Brexit as a new principal risk factor.
Change
Disclosure of proposed changes in remuneration policy and the rationale behind the changes.

Experian plc Monitor

Experian plc Annual Report 2016
CR Monitor Issue: 
2016/1001
Company covered: 
Experian plc
Period End: 
31 March, 2016
Report issued on 3 October 2016 covered the following practice issues:
Change
Change in income statement format to include non-GAAP measures.
Change
Amortisation expense split into "Benchmark" and "Non-benchmark" expense.
Change
Extended corporate governance code disclosures.
New
Disclosure of contingent liability following data security breach.
Restatement
Contingent consideration included in fair value hierarchy represents correction of a prior year error.
Change
Related party disclosures extended to include transactions with pension plan.

Dunelm Group PLC Monitor

Dunelm Group PLC Annual Report 2014
CR Monitor Issue: 
2015/0307
Company covered: 
Dunelm Group PLC
Period End: 
28 June 2014
Report issued on 17 March 2015 covered the following practice issues:
Restatement
Accruals and deferred income liabilities amounting to 43.9% of total current liabilities, classified as non-current.
Change
Additional disclosures on recognition of intangible assets.
Change
Valuation method for share options at date of grant disclosed.
Change
Deferred tax offset policy disclosed.
Change
Financial instruments distinguished into three categories.

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2012
CR Monitor Issue: 
2013/0602
Company covered: 
Beiersdorf AG
Period End: 
31 December 2012
Report issued on 04 June 2012 covered the following practice issues:
Restatement
Prior year financial statements restated for accounting errors.
Pronouncements
Impact of revised IAS 19 disclosed.

Henkel AG & Co KGaA Monitor

Henkel AG & Co KGaA Annual Report 2012
CR Monitor Issue: 
2013/0509
Company covered: 
Henkel AG & Co KGaA
Period End: 
31 December 2012
Report issued on 17 May 2013 covered the following practice issues:
Restatement
Restatement of fine capitalised in error decreases comparative profit by 5.4%.
Pronouncements
Revised IAS 19 expected to increase pension interest charge.