Capital instruments

RELX plc Monitor

RELX plc Annual Report 2018
CR Monitor Issue: 
2019/0605
Company covered: 
RELX plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Pronouncements
Early adoption of IFRS 16 Leases with effect from 1 January 2018.
Pronouncements
Adoption of IFRS 9 Financial instruments with effect from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers with effect from 1 January 2018.
Change
A corporate and share simplification is undertaken removing a dual parent company structure.
Change
Disclosure in respect of key audit matters is extended with two new key audit matters identified by the auditors.

Premier Oil plc Monitor

Premier Oil plc Annual Report 2018
CR Monitor Issue: 
2019/0604
Company covered: 
Premier Oil plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9) from 1 January 2018.
Pronouncements
Disclosures included on the expected future impact of IFRS 16 Leases (IFRS 16), which will be adopted from 1 January 2019.
Change
Mandatory conversion of convertible bonds resulting in issues of ordinary shares.
Change
Extended disclosure showing movements in outstanding share options.

The Berkeley Group Holdings plc Monitor

Berkeley Group Holdings plc Annual Report 2017
CR Monitor Issue: 
2017/1207
Company covered: 
Berkeley Group Holdings plc
Period End: 
30 April,2017
Report issued on 19 December 2017 covered the following practice issues:
Change
Enhanced disclosure highlights alternative revenue recognition policy to its peers.
Change
New non-financial key performance indicators identified in relation to Apprentices & training and Green house emissions intensity.
Change
Redemption of ordinary shares results in reduction to retained earnings.

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2017
CR Monitor Issue: 
2017/1202
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2017
Report issued on 05 December 2017 covered the following practice issues:
Change
Repurchase and cancellation of own shares reflected in statement of changes in equity.
Change
Audit report enhanced by inclusion of a summary of the audit approach and tabular presentation in respect of materiality.
Change
Auditors identify a new key audit risk in respect of acquisition accounting.

Regus plc Monitor

Regus plc Annual Report 2016
CR Monitor Issue: 
2017/0907
Company covered: 
Regus plc
Period End: 
31 December, 2016
Report issued on 19 September 2017 covered the following practice issues:
New
Change in the ultimate parent company following scheme of arrangement.
Change
Identification of "increased competition", "exposure to UK political developments" and "data protection and privacy" as new principal risks.
Change
Disclosure of alternative measure of basic and diluted earnings per share excluding non-recurring items.
Restatement
Restatement of segment geographic revenue analysis without explanation.

Burberry Group plc Monitor

Burberry Group plc Annual Report 2017
CR Monitor Issue: 
2017/0908
Company covered: 
Burberry Group plc
Period End: 
31 March, 2017
Report issued on 19 September 2017 covered the following practice issues:
Change
Transactions with non-controlling shareholders lead to acquisition of increased share of economic rights in subsidiaries.
Change
Recognition of treasury shares following share buy back.
Change
Principal risk disclosures expanded to include discussion of Brexit.
New
Disclosure of a post balance sheet agreement to dispose of a business to a third party.
Pronouncements
Un-quantified disclosure as to the future impacts of IFRS 9 "Financial instruments".

SEGRO plc Monitor

SEGRO plc Annual Report 2016
CR Monitor Issue: 
2017/0906
Company covered: 
SEGRO plc
Period End: 
31 December, 2016
Report issued on 08 September 2017 covered the following practice issues:
Change
Graph added to directors remuneration report showing potential remuneration under multiple performance scenarios.
Change
Share premium recognised in relation to shares issued under equity placing.
Pronouncements
Introduction of detailed discussion of future impacts of new standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases" plus amendments to IAS 12 "Income taxes".
New
Table showing non-executive directors shareholding introduced to directors remuneration report.
Change
Risk disclosures enhanced by introduction of a risk heat map diagram.
Change
Summarised income statement and balance sheet information disclosed for newly formed joint venture.

JD Sports Fashion Plc Monitor

JD Sports Fashion Plc Annual Report 2017
CR Monitor Issue: 
2017/0807
Company covered: 
JD Sports Fashion Plc
Period End: 
28 January, 2017
Report issued on 15 August 2017 covered the following practice issues:
Change
Book values and provisional fair values disclosed in respect of businesses acquired.
Change
Restatement of earnings per share following share split.
Change
Brexit and cyber security identified as areas of principal risk
Change
Recognition of accelerated depreciation following a review of the useful life of assets.
Change
Introduction of glossary including discussion of alternative performance measures

Beazley plc Monitor

Beazley plc Annual Report 2016
CR Monitor Issue: 
2017/0506
Company covered: 
Beazley plc
Period End: 
31 December, 2016
Report issued on 9 May 2017 covered the following practice issues:
Change
Application of reverse acquisition accounting principles when establishing new holding company.
Change
Presentation of the auditors’ report enhanced by the introducing of an overview and graphical representations.
Change
Format of reconciliation showing relationship between tax expense and accounting profit altered.

Marks and Spencer Group plc Monitor

Marks and Spencer Group plc Annual Report 2016
CR Monitor Issue: 
2017/0312
Company covered: 
Marks and Spencer
Period End: 
2 April, 2016
Report issued on 28 March 2017 covered the following practice issues:
New
Acquisition of additional interest in joint venture recorded as step acquisition.
Divergence
Calculation of goodwill in respect of step acquisition unclear leading to doubt over IFRS compliance.
New
Intangible impairments recognised in respect of European business.
Change
Auditors’ report presentation enhanced through inclusion of pie-chart and graphs.
Change
Financial statement period extended.
Change
Proposed changes to employee retirement benefits disclosed as a post balance sheet event.