Auditors' reports

Whitbread plc Monitor

Whitbread plc Annual Report 2017-18
CR Monitor Issue: 
2018/0810
Company covered: 
Whitbread plc
Period End: 
1 March, 2018
Report issued on 14 August 2018 covered the following practice issues:
Change
Discussion on key audit matters included in auditors report.
Change
Disclosure in separate audit report sections of director and auditor responsibilities.
Change
Change in analysis of cash flows from operating activities.
Change
Acquisition costs linked to business combination recognised in the income statement as a non-underlying item.
Change
Extended disclosure of key performance indicators in the strategic report.

Royal Dutch Shell PLC Monitor

Royal Dutch Shell PLC Annual Report 2017
CR Monitor Issue: 
2018/0808
Company covered: 
Royal Dutch Shell PLC
Period End: 
31 December, 2017
Report issued on 14 August 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Leases", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Extended disclosure of key audit matters in the audit report.
Change
Format of strategic report disclosure of key performance indicators altered
Change
Fair value of 50% joint venture stake represents value of consideration paid in business combination.
Restatement
Restatement of segment geographical entity wide disclosures.

Hunting PLC Monitor

Hunting PLC Annual Report 2017
CR Monitor Issue: 
2018/0801
Company covered: 
Hunting PLC
Period End: 
31 December, 2017
Report issued on 7 August 2018 covered the following practice issues:
Change
Audit report includes separate sections discussing director and auditor responsibilities.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards: IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Restatement
Restatement of segmental information linked to change in management structure.
Change
Change in disclosure of directors remuneration policy including separate disclosure of performance metrics.
Restatement
Restatement of fair value disclosures.

Fidessa Group plc

Fidessa Group plc Annual Report 2017
CR Monitor Issue: 
2018/0803
Company covered: 
Fidessa Group plc
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Pronouncements
Detailed disclosure added in respect of the future impact of IFRS 15 "Revenues from contracts with Customers".
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Change
Enhanced disclosure of principal risks.
Change
Change in deferred tax assets linked to reduction in US tax rate.
Restatement
Restatement of prior year cash flow statement.

Telenor ASA Monitor

Telenor ASA Annual Report 2017
CR Monitor Issue: 
2018/0802
Company covered: 
Telenor ASA
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Change
Discontinued operations line disclosed separately on the face of the income statement.
Pronouncements
Extended disclosure as to the future impacts of new accounting standards IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Reconciliation of movements in interest liabilities presented following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Discussion of a new key audit matter linked to discontinued operations included in the auditor’s report.
Restatement
Restatement of segmental reporting disclosures following transfer of businesses between segments.
Change
Extended disclosure in respect of joint ventures and associated undertakings showing an analysis of disposals.

BASF SE Monitor

BASF SE Annual Report 2017
CR Monitor Issue: 
2018/0804
Company covered: 
BASF SE
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Pronouncements
Extended disclosures relating to the impacts of accounting standards, not yet effective including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Introduction of reconciliation showing movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Restatement of prior year segmental breakdown.

Münchener Rückversicherungs-Gesellschaft AG Monitor

Münchener Rückversicherungs-Gesellschaft AG Annual Report 2017
CR Monitor Issue: 
2018/0724
Company covered: 
Münchener Rückversicherungs-Gesellschaft AG
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of the impacts of new accounting standards including IFRS 17 "Insurance contracts", IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in classification of interest receivable not due.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising form financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Pronouncements
Discussion of key audit matters included in the audit report.
Change
Change in segmental reporting structure linked to discontinuation of a business.
Change
Recognition of impairment reversal in respect of deferred acquisition costs.

ITV plc Monitor

ITV plc Annual Report 2017
CR Monitor Issue: 
2018/0721
Company covered: 
ITV plc
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of new standards namely IFRS 15 "Revenues from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Change
Disclosure on contingent assets and liabilities included in a note to the accounts.

Reckitt Benckiser Group plc

Reckitt Benckiser Group plc Annual Report 2017
CR Monitor Issue: 
2018/0716
Company covered: 
Reckitt Benckiser Group plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Change
Detailed disclosure in respect of discontinued operations.
Pronouncements
Presentation of a discussion on the impacts of new standards that are issued but not yet effective including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Format of net debt reconciliation altered following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Detailed disclosure in relation to business combination during the year including a qualitative description of what goodwill represents.
Change
Discussion of key audit matters included in the audit report.
Restatement
Restatement of segmental disclosures linked to business acquisition.

Bouygues SA Monitor

Bouygues Annual Report 2017
CR Monitor Issue: 
2018/0720
Company covered: 
Bouygues
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Restatement
Restatement of segmental information following reallocation of contracts.
Change
Audit report includes separate disclosure of auditor and management responsibilities.