Consolidation

BNP Paribas Fortis SA/NV Monitor

BNP Paribas Fortis SA/NV Annual Report 2017
CR Monitor Issue: 
2018/1020
Company covered: 
BNP Paribas Fortis SA/NV
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.
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made in respect of segmental reporting structure.
Change
Disclosure of reduction in corporate income tax rate linked to reform of tax legislation.
Change
Changes in accounting method for a number of entities from the equity method to full consolidation.

Fiat Chrysler Automobiles N.V. Monitor

Fiat Chrysler Automobiles N.V. Annual Report 2017
CR Monitor Issue: 
2018/0402
Company covered: 
Fiat Chrysler Automobiles N.V.
Period End: 
31 December, 2017
Report issued on 03 April 2018 covered the following practice issues:
Pronouncements
Adoption of amendment to IAS 7 "Statement of cash flows" results in additional disclosure.
Pronouncements
Extended disclosure in respect of the future impacts of new standards and amendments.
Change
Subsidiary de-consolidated due to a loss of control linked to restrictive monetary policy and inability to pay dividends.

HICL Infrastructure Company Limited Monitor

HICL Infrastructure Company Limited Annual Report 2015
CR Monitor Issue: 
2016/0211
Company covered: 
HICL Infrastructure Company Limited Monitor
Period End: 
31 March, 2015
Report issued on 26 February 2016 covered the following practice issues:
Change
Statement of changes in equity distinguishes cash and non-cash transactions with shareholders.
Pronouncements
No impact expected from Amendment to investment entities rules.
New
Business disposal results in gain of 21.9% of profit before tax.

British Empire Trust plc Monitor

British Empire Trust plc Annual Report 2015
CR Monitor Issue: 
2016/0109
Company covered: 
British Empire Trust plc
Period End: 
30 September, 2015
Report issued on 29 January 2016 covered the following practice issues:
Pronouncements
Income reclassified in primary statements, as investment entities exemption to consolidation applied.
Pronouncements
Maximum and actual leverage exposures disclosed per AIFM Directive.

Electra Private Equity plc Monitor

Electra Private Equity plc Annual Report 2015
CR Monitor Issue: 
2016/0107
Company covered: 
Electra Private Equity plc
Period End: 
30 September, 2015
Report issued on 22 January 2016 covered the following practice issues:
Pronouncements
Adoption of investment entities exemption, but no change to scope of consolidation.
Pronouncements
Viability statement under UK Corporate Governance Code 2014 looks ahead for three years.

Alliance Trust plc Monitor

Alliance Trust plc Annual Report 2014
CR Monitor Issue: 
2016/0104
Company covered: 
Alliance Trust plc
Period End: 
31 December, 2014
Report issued on 22 January 2016 covered the following practice issues:
Pronouncements
Investment entities exemption reduces scope of consolidation.

DNB ASA Monitor

DNB ASA Annual Report 2014
CR Monitor Issue: 
2015/0908
Company covered: 
DNB ASA
Period End: 
31 December, 2014
Report issued on 21 September 2015 covered the following practice issues:
Restatement
Scope of consolidation extended to include some mutual funds under new rules.
Restatement
Joint ventures move to equity accounting from proportionate consolidation.
Pronouncements
Increase to impairment losses expected under impending financial instruments Standard.

Entertainment One Ltd Monitor

Entertainment One Ltd. Annual Report 2015
CR Monitor Issue: 
2015/0901
Company covered: 
Entertainment One Ltd.
Period End: 
31 March, 2015
Report issued on 07 September 2015 covered the following practice issues:
Pronouncements
Companies classified as subsidiaries rather than joint ventures under new definition of control.
Pronouncements
Joint ventures accounted for by equity method under new Standard.

Investment entities exemption to consolidation: an emerging issue under IFRS

This report looks at the application of the Investment entities exemption to the consolidation requirements of IFRS 10 "Consolidated financial statements". We examine the scope of the exemption, related disclosures and the principal effects on the primary statements.

Camellia Plc Monitor

Camellia Plc Annual Report 2014
CR Monitor Issue: 
2015/0713
Company covered: 
Camellia Plc
Period End: 
31 December, 2014
Report issued on 28 July 2015 covered the following practice issues:
Divergence
Weighted average duration and membership status disclosed for UK pension scheme liabilities only.
Change
Additional disclosures on subsidiaries with non-controlling interests.
Pronouncements
Bearer plants Amendment expected to have material effect on financial statements.