Balance sheet format

Galliford Try plc Monitor

Galliford Try plc Annual Report 2018
CR Monitor Issue: 
2018/1201
Company covered: 
Galliford Try plc
Period End: 
30 June, 2018
Report issued on 4 December 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Restatement
Restatement of basic and diluted EPS to reflect the bonus element of a rights issue.
Restatement
Restatement to present cash and overdraft amounts on a gross basis.
Change
Added disclosure in respect of alternative performance measures.

Renishaw plc Monitor

Renishaw plc Annual Report 2018
CR Monitor Issue: 
2018/1203
Company covered: 
Renishaw plc
Period End: 
30 June, 2018
Report issued on 04 December 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Change
Discussion of a new key audit matter included in audit report.
Restatement
Netting of deferred tax assets and deferred tax liabilities in the balance sheet.
Change
Reduction in corporate income tax rate results in reassessment of deferred tax balance.
Change
Recognition of goodwill impairment.
Restatement
Presentation of a maturity analysis of amounts receivable as a lessor and restatement of comparative amounts payable as a lessee.

Genus plc Monitor

Genus plc Annual Report 2018
CR Monitor Issue: 
2018/1119
Company covered: 
Genus plc
Period End: 
30 June, 2018
Report issued on 27 November 2018 covered the following practice issues:
Change
Reclassification in balance sheet as a result of "refining" biological assets accounting policy.
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 16 "Leases"and IFRS 9 "Financial instruments.
Change
Revaluation of deferred tax liabilities following reduction in US corporate tax rate.
Change
Amounts linked to post balance sheet event recognised during the year.
Change
Changes made in segmental reporting disclosure.

G4S plc Monitor

G4S plc Annual Report 2017
CR Monitor Issue: 
2018/1102
Company covered: 
G4S plc
Period End: 
31 December, 2017
Report issued on 6 November 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Change
Change in deferred tax recognised linked to reduction in US tax rate.
Change
Extended disclosure of revenue and non-current assets for the country of domicile.
Restatement
Correction of prior year misstatement in respect of operating lease commitments.

Admiral Group plc Monitor

Admiral Group plc Annual Report 2017
CR Monitor Issue: 
2018/0917
Company covered: 
Admiral Group plc
Period End: 
31 December, 2017
Report issued on 24 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Change
Change in balance sheet format with no explicit explanation.
Restatement
Reclassification of financial instruments between classes.

Legal & General Group plc Monitor

Legal & General Group plc Annual Report 2017
CR Monitor Issue: 
2018/0717
Company covered: 
Legal & General Group plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Change
Detailed disclosure in respect of business classified as discontinued operation.
Pronouncements
Disclosure of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", IFRS 16 "Leases" and IFRS 17 "Insurance contracts".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Amounts reclassified from cash and cash equivalents to financial investments following an assessment of their maturity.
Change
Segmental reporting information restated following reclassification of business as a discontinued operation.
Change
Reverse repurchase agreements reclassified as financial assets.

Standard Chartered plc Monitor

Standard Chartered Annual Report 2017
CR Monitor Issue: 
2018/0612
Company covered: 
Standard Chartered plc
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Change
Change in balance sheet format including inclusion of extra line items.
Pronouncements
Detailed disclosure of expected impact of IFRS 9 "Financial instruments" including quantification.
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Recognition of prior year adjustment in respect of contingent liabilities and commitments.

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.

AVEVA Group plc

AVEVA Group plc Annual Report 2017
CR Monitor Issue: 
2018/0303
Company covered: 
AVEVA Group plc
Period End: 
31 March, 2017
Report issued on 06 March 2018 covered the following practice issues:
Change
Defined benefit pension scheme surplus presented separately on the face of the balance sheet.
Change
Deferred revenue disclosed separately from trade and other payables.
Change
Deferred tax classification altered.
Change
Detailed narrative description of proposed changes to directors' remuneration
Pronouncements
Revised FRC ethical standard results in change to non-audit services policy.
Change
Exceptional gain recognised in relation to a prior year business acquisition

Tesco PLC Monitor

Tesco PLC Annual Report 2017
CR Monitor Issue: 
2017/0904
Company covered: 
Tesco PLC
Period End: 
25 February, 2017
Report issued on 08 September 2017 covered the following practice issues:
Change
Auditors identify "Tesco Bank payment fraud" as a risk of material misstatement.
Change
Balance sheet format altered to correctly present assets and liabilities as either current or non-current.
Change
Impairment recognised as adjusting post balance sheet event as part of discontinued operations.
New
Discussion of critical judgements introduced.
Restatement
Restatement of carrying amount of non-current liabilities within material joint venture to reflect credit risk valuation adjustments.