Contingencies

Informa Plc Monitor

Submitted by 671be8cb-63b1-4... on Wed, 2019-06-26 12:53

CR Monitor Issue:

2019/0622

Company covered:

Informa Plc

Period End:

31 December, 2018

Report issued on 26 June 2019 covered the following practice issues:

The segmental information has been restated on the adoption of IFRS 15 Revenue from Contracts with Customers and the presentation of reportable segments has been changed.

Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.

Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.

Critical accounting judgements and key sources of estimation uncertainty disclosures are extended to include additional information.

Disclosure on new key audit matters included within the auditors’ report with an additional section relating to irregularities and fraud.

Assets and liabilities held for sale are disclosed separately within the statement of financial position.

Acacia Mining plc Monitor

Submitted by e0aa4410-014d-4... on Fri, 2019-05-31 12:51

CR Monitor Issue:

2019/0601

Company covered:

Acacia Mining plc

Period End:

31 December, 2018

Report issued on 01 June 2019 covered the following practice issues:

Adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments from 1 January 2018.

Adoption of amendment to IFRS 2 Share-based Payment from 1 January 2018.

The expected future impact of adopting IFRS 16 Leases is disclosed.

Assets and liabilities held for sale are disclosed separately within the statement of financial position.

The disclosure on contingencies is extended to disclose regulatory contingencies which arose in the current financial year.

Disclosure of events after the balance sheet date.

Electrolux AB Monitor

Submitted by e0aa4410-014d-4... on Thu, 2019-05-02 16:02

CR Monitor Issue:

2019/0501

Company covered:

Electrolux AB

Period End:

31 December, 2018

Report issued on 02 May 2019 covered the following practice issues:

Restatement of comparative amounts following adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments.

Extended disclosure on the expected impact of IFRS 16 Leases adoption.

Disclosure of new key audit matters included in the Auditor’s Report.

Discussion on contingent assets expected to be recognised in upcoming years.

Additional information disclosed for associates presented in a tabular format.

UDG Healthcare plc Monitor

Submitted by e0aa4410-014d-4... on Tue, 2019-03-19 09:37

CR Monitor Issue:

2019/0311

Company covered:

UDG Healthcare plc

Period End:

30 September, 2018

Report issued on 19 March 2019 covered the following practice issues:

Exceptional items highlighted within a separate column on the face of the income statement.

Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".

Deferred tax changes recognised following changes to US tax legislation.

Recognition of a significant goodwill impairment.

Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".

Detailed disclosure in respect of business disposal.

Euromoney Institutional Investor plc Monitor

Submitted by e0aa4410-014d-4... on Mon, 2019-03-18 14:16

CR Monitor Issue:

2019/0314

Company covered:

Euromoney Institutional Investor plc

Period End:

30 September, 2018

Report issued on 19 March 2019 covered the following practice issues:

Additional disclosure in respect of the impact of new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 “leases”.

Detailed discussion on the new key audit matter added in the auditor’s report.

Change in methodology for allocation of corporate cost along with restatement of comparative figures.

Deferred tax changes recognised following changes to US tax legislation.

Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".

Extended disclosure in respect of contingent liabilities.

Ashtead Group plc Monitor

Submitted by e0aa4410-014d-4... on Mon, 2019-02-25 14:05

CR Monitor Issue:

2019/0215

Company covered:

Ashtead Group plc

Period End:

30 April, 2018

Report issued on 26 February 2019 covered the following practice issues:

Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments".

Change in segmental reporting structure with restatement of comparative information.

Deferred tax changes recognised following changes to US tax legislation.

Change in allocation of goodwill to cash generating units.

Extended disclosure in respect of contingent liabilities.

Disclosure of level of fair value hierarchy for each non-derivative financial asset or liability and key inputs employed in the valuation of Level 3 financial instruments.

Halma plc Monitor

Submitted by e0aa4410-014d-4... on Sun, 2019-02-10 12:08

CR Monitor Issue:

2019/0124

Company covered:

Halma plc

Period End:

31 March, 2018

Report issued on 12 February 2019 covered the following practice issues:

Disclosure in respect of the expected impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “Leases”.

Deferred tax changes recognised following changes to US tax legislation.

Presentation of a reconciliation of movements in liabilities following adoption of an amendment to IAS 7 "Statement of cash flows".

Extended disclosure in respect of contingent liabilities.

Hastings Group Holdings plc Interims Monitor

Submitted by 25012e8a-3b28-4... on Tue, 2019-01-22 09:27

CR Interim Monitor Issue:

2019/0111

Period End:

30 June 2018

Listing Status:

Europe 350

ICB Industry Classification:

8536 Property & Casualty Insurance

Auditor:

Deloitte

Adoption of IFRS 15 "Revenue from contracts with customers".

Early adoption of IFRS 16 "Leases".

Disclosure in respect of a contingent tax liability.

Disclosure of a related party transaction.

Rio Tinto Plc Monitor

Submitted by 609607d4-597e-4... on Tue, 2018-11-13 10:41

CR Monitor Issue:

2018/1106

Company covered:

Rio Tinto Plc

Period End:

31 December, 2017

Report issued on 13 November 2018 covered the following practice issues:

Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", IFRS 16 "Leases" and IFRIC 23 “Uncertainty over income tax treatment”.

Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".

Detailed disclosure of post balance sheet events.

Extended disclosure in respect of contingent liabilities.

Restatement of prior year comparatives in respect of leases, trade receivables and trade payables.

John Wood Group PLC Monitor

Submitted by 609607d4-597e-4... on Tue, 2018-10-23 09:10

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:

Discussion of key audit matters included in audit report.

Separate sections outlining director and auditor responsibilities included in auditors' report.

Extended disclosure on revenue recognition.

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".

Changes made to internal segmental reporting structure.

Detailed disclosure in respect of intangible assets and goodwill recognised in respect of businesses acquired.