Accounting policies

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.

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.

RELX plc Monitor

RELX plc Annual Report 2018
CR Monitor Issue: 
2019/0605
Company covered: 
RELX plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Pronouncements
Early adoption of IFRS 16 Leases with effect from 1 January 2018.
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
A corporate and share simplification is undertaken removing a dual parent company structure.
Change
Disclosure in respect of key audit matters is extended with two new key audit matters identified by the auditors.