Contingencies

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.

Johnson Matthey PLC Monitor

Submitted by Sriram Iyer on Sun, 2018-09-16 16:14

CR Monitor Issue:

2018/0914

Company covered:

Johnson Matthey PLC

Period End:

31 March, 2018

Report issued on 17 September 2018 covered the following practice issues:

Disclosure of two new share-based payment plans.

Extended disclosure in relation to the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".

Discussion of key audit matters included in audit report.

Inclusion of separate director and auditor responsibility sections in the audit report.

Presentation of a reconciliation of movements in liabilities arising from financing activities.

Disclosure in respect of US tax changes including reduction of corporate income tax rate from 35% to 21%.

SKF AB

Submitted by 25012e8a-3b28-4... on Tue, 2018-08-14 12:15

CR Monitor Issue:

2018/0807

Company covered:

SKF AB

Period End:

31 December, 2017

Report issued on 14 August 2018 covered the following practice issues:

Change in presentation of income statement to reflect cash discounts in net sales rather than as an expense.

Extended disclosure in respect of the future impact of IFRS 16 "Leases".

Restatement of net sales by segment to reflect reallocation of businesses.

Analysis of contingent liabilities altered to include liabilities in respect of tax claims.

ITV plc Monitor

Submitted by e0aa4410-014d-4... on Tue, 2018-07-31 10:30

CR Monitor Issue:

2018/0721

Company covered:

ITV plc

Period End:

31 December, 2017

Report issued on 31 July 2018 covered the following practice issues:

Discussion of key audit matters included in audit report.

Extended disclosure in respect of new standards namely IFRS 15 "Revenues from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".

Disclosure on contingent assets and liabilities included in a note to the accounts.