Business combinations

Kier group plc Monitor

Kier group plc Annual Report 2018
CR Monitor Issue: 
2018/1206
Company covered: 
Kier group plc
Period End: 
30 June, 2018
Report issued on 11 December 2018 covered the following practice issues:
Change
Detailed disclosure in respect of business acquisitions made during the year.
Pronouncements
Extended disclosure in respect of the impact of the new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 "leases".
Restatement
Restatement of prior year cash flow and income statement to correct prior year error.
Change
Discussion of new key audit matter included in the audit report.
Change
Reclassification of amounts in respect of cash flow hedging instruments.
Change
Extended disclosure of principal risks including identification of new risk factors.

RPC Group plc Monitor

RPC Group plc Annual Report 2018
CR Monitor Issue: 
2018/1207
Company covered: 
RPC Group plc
Period End: 
31 March, 2018
Report issued on 11 December 2018 covered the following practice issues:
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".
Restatement
Prior year business combination amounts finalised leading to an increase in goodwill.
Change
Disclosure in respect of events after the reporting period.
Change
Change in deferred tax recognised linked to reduction in US tax rate.
Change
Added disclosure in respect of alternative performance measures.
Change
Change in presentation of income statement due to added disclosure on profit attributable to non-controlling interest.

Convatec Group plc Monitor

Convatec Group plc  Annual Report 2017
CR Monitor Issue: 
2018/1115
Company covered: 
Convatec Group plc
Period End: 
31 December, 2017
Report issued on 20 November 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 16 "Leases", IFRS 15 "Revenue from contracts with customers", and IFRS 9 "Financial instruments".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Disclosure of reduction in corporate income tax rate.
Change
Disclosure of main risks linked to defined benefit pension scheme.
Change
Detailed disclosure in respect of business acquisitions made during the year.
Restatement
Restatement of comparative figures in relation to compensation paid to key management personnel.

Melrose Industries PLC

Melrose Industries PLC Annual Report 2017
CR Monitor Issue: 
2018/1109
Company covered: 
Melrose Industries PLC
Period End: 
31 December, 2017
Report issued on 13 November 2018 covered the following practice issues:
Change
Provisional values finalised in respect of prior year business acquisition.
Pronouncements
Disclosure of the impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Reduction in corporate income tax rate results in reassessment of Deferred tax balance.
Change
Separate sections included in audit report discussing director and auditor responsibilities.
Change
Disclosure of post balance sheet events added in the current year.

Travis Perkins plc Monitor

Travis Perkins plc Annual Report 2017
CR Monitor Issue: 
2018/1101
Company covered: 
Travis Perkins plc
Period End: 
31 December, 2017
Report issued on 06 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 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Change
Disclosure of income statement information in respect of businesses acquired during the year.
Restatement
Reclassification of defined benefit pension scheme assets from Level 1 to Level 2 of fair value hierarchy.

Kerry Group Plc Monitor

Kerry Group Plc Annual Report 2017
CR Monitor Issue: 
2018/1022
Company covered: 
Kerry Group Plc
Period End: 
31 December, 2017
Report issued on 30 October 2018 covered the following practice issues:
Change
Change in deferred tax linked to reduction in US tax rate.
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
Detailed disclosure in respect of business acquisitions made during the year.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.

Kuehne+Nagel International AG

Kuehne+Nagel Annual Report 2017
CR Monitor Issue: 
2018/1025
Company covered: 
Kuehne+Nagel
Period End: 
31 December, 2017
Report issued on 30 October 2018 covered the following practice issues:
Change
Detailed disclosure in respect of current year business combinations.
Pronouncements
Enhanced disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".

John Wood Group PLC Monitor

John Wood Group PLC Annual Report 2017
CR Monitor Issue: 
2018/1016
Company covered: 
John Wood Group PLC
Period End: 
31 December, 2017
Report issued on 23 October 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.
Change
Extended disclosure on revenue recognition.
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".
Restatement
Changes made to internal segmental reporting structure.
Change
Detailed disclosure in respect of intangible assets and goodwill recognised in respect of businesses acquired.

UBM plc Monitor

UBM plc Annual Report 2017
CR Monitor Issue: 
2018/1012
Company covered: 
UBM plc
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Change
Discussion of a new key audit matter included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Restatement
Finalisation of prior year business combination amounts results in prior year adjustments.
Change
Changes recognised in respect of operating segments following disposal.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Re-appraisal of brands acquired in the previous year resulting in an increase in the useful economic life.

J Sainsbury PLC Monitor

J Sainsbury PLC Annual Report Year
CR Monitor Issue: 
2018/1006
Company covered: 
J Sainsbury PLC
Period End: 
31 March, 2018
Report issued on 09 October 2018 covered the following practice issues:
Change
Inclusion of separate sections in the audit report discussing directors and auditors responsibilities and key audit matters.
Change
Net debt analysis extended to include a reconciliation of movements in liabilities arising from financing activities.
Change
Disclosure in respect of significant post balance sheet business combination.
Change
Extended dis-aggregation in respect of the disclosure of finance income and costs.
Restatement
Prior year business combination amounts finalised leads to an increase in goodwill.