Additional financial information

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.

Heineken N.V. Monitor

Heineken N.V. Annual Report 2016
CR Monitor Issue: 
2017/0810
Company covered: 
Heineken N.V.
Period End: 
31 December, 2016
Report issued on 22 August 2017 covered the following practice issues:
Pronouncements
IFRIC interpretation leads to change in presentation in respect of cash pooling arrangements.
Change
Reconciliation of non IFRS segment profit measure to profit before tax added.
Change
Proposed change to the measure of performance applied to awards made to directors under a long-term variable award plan.
Change
Disclosure of key assumption applied when calculating fair value less cost of disposal linked to fixed asset impairment.
Restatement
Restatement of figures for "raw material purchase contracts" and "other off-balance sheet obligations".

Travis Perkins plc Monitor

Travis Perkins plc Annual Report 2016
CR Monitor Issue: 
2017/0808
Company covered: 
Travis Perkins plc
Period End: 
31 December, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Disclosure of a new note on "revenue reconciliation and like-for-like sales".
Change
Identification of "UK decision to leave the European Union", "Legislation" and "Corporation tax" as new areas of principal risk.
Change
Disclosure of software “assets under construction” as a separate class of intangible asset.
Change
Introduction of graphical presentations to the audit report illustrating materiality and audit scope.
Restatement
Restatement of segment disclosure of capital expenditure without explanation.

Grainger plc Monitor

Grainger plc Annual Report 2016
CR Monitor Issue: 
2017/0809
Company covered: 
Grainger plc
Period End: 
30 September, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Businesses disposed of reflected as discontinued operations
Change
Movements in investment in joint venture no longer disclosed separately for net assets and loans.
Divergence
No presentation of reconciliations of movements in property, plant & equipment, intangible assets and provisions.
Change
Disclosure of significant accounting policies in each individual relevant note.
Pronouncements
Disclosure of change in non-audit services policy in line with FRC guidance
Change
Directors’ remuneration policy revised to align with strategic goals.

Rightmove plc Monitor

Rightmove plc Annual Report 2016
CR Monitor Issue: 
017/0805
Company covered: 
Rightmove plc
Period End: 
31 December, 2016
Report issued on 08 August 2017 covered the following practice issues:
Pronouncements
Summarised non-quantified disclosure of the future impacts of new standards, IFRS 15 and IFRS 16.
Change
Qualitative disclosure of what goodwill recognised in a business acquisition represents.
Change
Introduction of extended information in respect of Non-GAAP performance measures.
Change
Audit report presentation enhanced by inclusion of graphics and tables.

Rentokil Initial plc Monitor

Rentokil Initial plc Annual Report 2016
CR Monitor Issue: 
2017/0802
Company covered: 
Rentokil Initial plc
Period End: 
31 December, 2016
Report issued on 1 August 2017 covered the following practice issues:
Change
Assets and liabilities in respect of disposal group disclosed in aggregate on the face of the statement of financial position.
Pronouncements
Detailed disclosure about alternative performance measures in accordance with new guidelines
Pronouncements
Introduction of brief disclosure about impacts of new leasing and revenue standards.

UPM-Kymmene Corporation Monitor

UPM-Kymmene Corporation Annual Report 2016
CR Monitor Issue: 
2017/0706
Company covered: 
UPM-Kymmene Corporation
Period End: 
31 December, 2016
Report issued on 11 July 2017 covered the following practice issues:
Change
Underlying reasons for recognition of impairments disclosed.
Change
Change in presentation of cash flow statement to add separate line items for net cash flows from investment hedges and net cash flows from derivatives.
Pronouncements
Auditors report enhanced by inclusion of discussion of key audit matters in line with new auditing standard.
Pronouncements
Introduction of a discussion on new accounting standards in relation to revenue, financial instruments and leases.
New
Additional discussion on Alternative performance measures included.

The Paragon Group Companies PLC Monitor

The Paragon Group Companies PLC Annual Report 2016
CR Monitor Issue: 
2017/0704
Company covered: 
The Paragon Group Companies PLC
Period End: 
30 September, 2016
Report issued on 11 July 2017 covered the following practice issues:
Change
Statement of changes in equity shows separately reconciliation of movements for each component of equity including comprehensive income and transaction with owner elements.
Change
A sensitivity analysis is added to the disclosure of critical accounting estimates.
New
Qualitative factors underlying goodwill recognised during the year explained.
Change
Presentation of auditors' report enhanced by inclusion of graphical presentation in respect of materiality.
Change
Auditors identify new areas of risk of material misstatement in respect of "Interest payable on asset backed loan notes" and "recoverability of goodwill".
Pronouncements
New principal risk factors added to tabular disclosure including capital risk linked to Basel Committee proposals.

Compass Group PLC Monitor

Compass Group PLC Annual Report 2016
CR Monitor Issue: 
2017/0701
Company covered: 
Compass Group PLC
Period End: 
30 September, 2016
Report issued on 4 July 2017 covered the following practice issues:
Change
Discussion of corporate social responsibility framed in terms of UN set sustainable development goals.
Change
Disclosures added on evaluation of board performance by external independent party.
Change
Directors remuneration report enhanced by inclusion of remuneration summary.
Change
Greater clarity given in respect of description of provision class.
Restatement
Reporting segments restated following a change in management structure.

Spectris plc Monitor

Spectris plc Annual Report 2016
CR Monitor Issue: 
2017/0609
Company covered: 
Spectris plc
Period End: 
31 December, 2016
Report issued on 20 June 2017 covered the following practice issues:
Change
Disclosure in respect of cash generating unit goodwill impairments including the relevant reporting segment.
New
Disclosure of proposed changes in directors’ remuneration policy.
Change
Principal risk disclosures enhanced to show risk appetite for each risk factor.
Change
Enhanced clarity of disclosure in respect of adjusted performance measures.