Auditors' reports

Smith & Nephew Plc Monitor

Smith & Nephew Plc Annual Report Year
CR Monitor Issue: 
2018/0517
Company covered: 
Smith & Nephew Plc
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows".
Pronouncements
Inclusion of discussion in respect of new accounting standards IFRS 15 and IFRS 9.
Change
Discussion of key audit matters included in audit report.
Change
Business restructuring disclosed as post balance sheet event.
Change
Enhanced risk disclosures including additional information in respect of principal risks.
Restatement
Restatement of intangible asset amortisation without explanation.

E.ON SE Monitor

E.ON SE Annual Report 2017
CR Monitor Issue: 
2018/0518
Company covered: 
E.ON SE
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Change
Extended disclosure of key audit matters included in audit report.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows".
Pronouncements
Extended disclosure in respect of new standards issued but not yet applicable including impact quantification.

Grainger plc Monitor

Grainger plc Annual Report 2017
CR Monitor Issue: 
2018/0516
Company covered: 
Grainger plc
Period End: 
30 September, 2017
Report issued on 28 May 2018 covered the following practice issues:
Change
Audit report includes discussion of key audit matters.
Pronouncements
Extended disclosure in respect of new standards issued but not yet effective namely IFRS 9, IFRS 15, IFRS 16.
Change
Introduction of tabular disclosure illustrating the calculation of net debt and the loan to value ratio.
Change
Extended disclosure of principal risks includes identification of new risk areas.
Change
Presentation of a maturity analysis of amounts receivable as a lessor.
Change
Acquisition of properties and new funding arrangements disclosed as post balance sheet events.

Deutsche Telekom AG Monitor

Deutsche Telekom AG Annual Report 2017
CR Monitor Issue: 
2018/0520
Company covered: 
Deutsche Telekom AG
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Pronouncements
Disclosure of reconciliation of changes in liabilities arising from financing activities on adoption of amendment to IAS 7.
Pronouncements
Extended disclosure in respect of IFRS 15 “Revenue from contracts with customers”.
Change
Change in segment reporting structure.
Change
Discussion of key audit matters included in audit report.
Change
Change in the presentation of deferred tax information.
Restatement
Restatement of operating lease obligations.

The Unilever Group Monitor

The Unilever Group Annual Report 2017
CR Monitor Issue: 
2018/0511
Company covered: 
The Unilever Group
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Change
Change in measure of segment profit.
Change
Enhanced disclosure of assets held for sale.
Change
Detailed discussion added on climate change risk.
Change
Tabular presentation of contingent liabilities introduced.
Change
Amounts in respect of material business combination disclosed separately.
Pronouncements
Enhanced disclosure in respect of new standards including some quantification.

Compass Group PLC Monitor

Compass Group PLC Annual Report Year
CR Monitor Issue: 
2018/0515
Company covered: 
Compass Group PLC
Period End: 
30 September, 2017
Report issued on 15 May 2018 covered the following practice issues:
Change
Presentation of business combination table showing book values and fair values.
Change
Tabular disclosure of key audit matters included in audit report.
Change
Analysis of the present value of defined benefit obligations between funded and unfunded obligations.
Change
Introduction of a reconciliation table in respect of share-based payment plans.
Change
Disclosure of Non IFRS measures such as "underlying results", "organic revenue" and "organic profit" in the financial statements.
Change
Disclosure of proposed changes to directors remuneration policy.

Britvic plc Monitor

Britvic plc Annual Report 2017
CR Monitor Issue: 
2018/0509
Company covered: 
Britvic plc
Period End: 
1 October, 2017
Report issued on 08 May 2018 covered the following practice issues:
Pronouncements
Introduction of additional disclosure in relation to the expected impacts of IFRS 15 and IFRS 16 including quantification.
Change
Detailed breakdown of fair value of assets acquired and liabilities assumed following a business combination.
Change
Post balance sheet disclosure in respect of restructuring of manufacturing operations.
Change
Auditors' report includes discussion of director and auditor responsibilities.
Change
Identification of "sustainability and environment" as a principal risk area.
Change
Breakdown of pension assets includes new liability driven investments category.

Chemring Group plc Monitor

Chemring Group plc Annual Report 2017
CR Monitor Issue: 
2018/0507
Company covered: 
Chemring Group plc
Period End: 
31 October, 2017
Report issued on 08 May 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenue from Contracts with Customers'.
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 16 "Leases".
Change
Change in the presentation of cash flow from operating activities.
Change
Discussion of key audit matters included in audit report.
Change
Auditors identify adoption of IFRS 15 as a key audit matter.
Change
Extended disclosure of non-IFRS performance measures.

GlaxoSmithKline plc Monitor

GlaxoSmithKline plc Annual Report 2017
CR Monitor Issue: 
2018/0508
Company covered: 
GlaxoSmithKline plc
Period End: 
31 December, 2017
Report issued on 08 May 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of new accounting standards including quantification.
Change
Expanded disclosure of Non IFRS performance measures.
Change
Extended disclosure of principal risks including identification of new risk factor.
Change
Change in calculation of segment profit results in restatement of prior year figures.
Change
Change in disclosure in audit report in respect of director and auditor responsibilities.

Marston's PLC Monitor

Marston's PLC Annual Report 2017
CR Monitor Issue: 
2018/0506
Company covered: 
Marston's PLC
Period End: 
30 September, 2017
Report issued on 08 May 2018 covered the following practice issues:
Change
Discussion of key audit matters within the audit report.
Change
Explanation given for non disclosure of post acquisition income statement impact arising from company acquired.
Restatement
Basis of calculation of underlying profit altered.
Restatement
Provisions allocated between current and non-current liabilities on the face of the balance sheet.
Change
Change in the composition of segments following a change in the structure of the organisation.
Change
Principal risk disclosures extended by identification of new risk factor.