Additional financial information

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.

Spirax-Sarco Engineering plc Monitor

Spirax-Sarco Engineering plc Annual Report 2016
CR Monitor Issue: 
2017/0604
Company covered: 
Spirax-Sarco Engineering plc
Period End: 
31 December, 2016
Report issued on 13 June 2017 covered the following practice issues:
New
Introduction of a new note to the financial statements on “Alternative Performance Measures”.
Change
Proposed changes to directors remuneration policy outlined
Change
Measure of profit used in reconciliation of accounting profit to tax expense altered.

Sky plc Monitor

Sky plc Annual Report 2016
CR Monitor Issue: 
2017/0603
Company covered: 
Sky plc
Period End: 
3 July, 2016
Report issued on 06 June 2017 covered the following practice issues:
Change
"Brexit" identified within principal risk disclosures.
Change
Disclosure of non-compliance with the UK Corporate Governance Code.
Change
Disclosure of the introduction of clawback provisions in respect of directors remuneration.
Change
Disclosure of discontinued operations extended to include fair value gain on retained interest.
Change
Financial statements presented for 53 week period.
Pronouncements
Discussion of the impacts of new leasing and revenue standards.

Senior plc Monitor

Senior plc Annual Report 2016
CR Monitor Issue: 
2017/0512
Company covered: 
Senior plc
Period End: 
31 December, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Tabular disclosure of principal risks includes new risk factors in respect of "Geopolitical impact" and "cyber/information security".
Pronouncements
Discussion of impacts of new standards added to accounting policies note.
Pronouncements
Quantified disclosure of the impacts of IFRS 16 "Leases"
Change
Property reclassified as asset held for sale.
Change
New summary section included in audit report.

TalkTalk Telecom Group PLC Monitor

TalkTalk Telecom Group PLC Annual Report 2016
CR Monitor Issue: 
2017/0302
Company covered: 
TalkTalk Telecom Group PLC
Period End: 
31 March, 2016
Report issued on 7 March 2017 covered the following practice issues:
Change
Statement of changes in equity divided into profit for the year, other comprehensive income and transactions with owners.
Change
Exceptional revenue credit and operating expenses recognised in respect of cyber attack.
Change
Deferred tax assets reduced following a reduction in tax rates.
Change
Derivative financial instruments reclassified from current assets to non-current assets without explanation.
Pronouncements
Full list of subsidiaries and joint ventures disclosed following a change to the Companies Act.
Change
Exceptional income recognised following change in business acquisition contingent consideration.

Cable & Wireless Communications Limited Monitor

Cable & Wireless Communications Limited Annual Report 2016
CR Monitor Issue: 
2017/0201
Company covered: 
Cable & Wireless Communications Limited
Period End: 
31 March, 2016
Report issued on 07 February 2017 covered the following practice issues:
Change
Change in ownership of the company identified as a post balance sheet event.
Restatement
Restatement of balance sheet following the finalisation of the provisional accounting for prior year business combinations.
Change
Change in segmental reporting due to a change in the organisational management structure.
Change
Disclosure of events leading to reversal of prior year impairments.
Change
Shortened audit report format following acquisition and delisting from the London stock exchange.
Change
Risk disclosures table extended to include three additional risk factors.

Close Brothers Group plc Monitor

Close Brothers Group plc Annual Report 2016
CR Monitor Issue: 
2017/0203
Company covered: 
Close Brothers Group plc
Period End: 
31 July, 2016
Report issued on 7 February 2017 covered the following practice issues:
Change
Change in allocation of depreciation in respect of assets rented out under operating leases.
Change
Changes in presentation of segmental information as a result of allocation of treasury income to individual lending businesses.
Change
Change in calculation of net interest margin and restatement of net margin interest ratio.
Change
Change in disclosure of maximum exposure to the credit risk following restatement of comparative undrawn commitments.
Change
Transfer of listed equity shares from Level 1 to Level 2 within the fair value valuation hierarchy.