Deferred tax

Ferrexpo plc Monitor

Ferrexpo plc Annual Report 2017
CR Monitor Issue: 
2018/1108
Company covered: 
Ferrexpo plc
Period End: 
31 December, 2017
Report issued on 13 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", IFRS 16 "Leases" and IFRIC 23 “Uncertainty over income tax treatments”.
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
Extended disclosure in respect of alternative performance measures.
Change
Recognition of defined benefit past service cost and curtailment gains.

G4S plc Monitor

G4S plc Annual Report 2017
CR Monitor Issue: 
2018/1102
Company covered: 
G4S plc
Period End: 
31 December, 2017
Report issued on 6 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 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Change
Change in deferred tax recognised linked to reduction in US tax rate.
Change
Extended disclosure of revenue and non-current assets for the country of domicile.
Restatement
Correction of prior year misstatement in respect of operating lease commitments.

Securitas AB Monitor

Securitas AB Annual Report 2017
CR Monitor Issue: 
2018/1018
Company covered: 
Securitas AB
Period End: 
31 December, 2017
Report issued on 23 October 2018 covered the following practice issues:
Change
Discussion of key audit matter included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", and IFRS 15 "Revenue from contracts with customers".
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
Deferred tax changes recognised following changes to US tax legislation.
Change
Disclosure in respect of significant post balance sheet business acquisitions.
Change
Disclosure of non-statutory measure of earnings per share on the face of the income statement.

Balfour Beatty plc Monitor

Balfour Beatty plc Annual Report 2017
CR Monitor Issue: 
2018/1011
Company covered: 
Balfour Beatty plc
Period End: 
31 December, 2017
Report issued on 16 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.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Restatement
Restatement of comparative income statement following classification of businesses disposed as discontinued operations.
Change
Changes in pensions discount rate calculation methodology results in recognition of actuarial gain.
Change
Recognition of adjusting post-balance sheet event linked to liquidation of Carillion.

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.

UPM-Kymmene Corporation Monitor

UPM-kymmene Corporation Annual Report 2017
CR Monitor Issue: 
2018/0901
Company covered: 
UPM-kymmene Corporation
Period End: 
31 December, 2017
Report issued on 03 September 2018 covered the following practice issues:
Pronouncements
Extended disclosure on the expected impact of new accounting standards including IFRS 15 “Revenues from Contracts with Customers”, IFRS 9 “Financial Instruments” and amendment to IFRS 2 “Share-based payments”.
Change
Deferred tax changes recognised following changes to US tax legislation.

Fidessa Group plc

Fidessa Group plc Annual Report 2017
CR Monitor Issue: 
2018/0803
Company covered: 
Fidessa Group plc
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Pronouncements
Detailed disclosure added in respect of the future impact of IFRS 15 "Revenues from contracts with Customers".
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Change
Enhanced disclosure of principal risks.
Change
Change in deferred tax assets linked to reduction in US tax rate.
Restatement
Restatement of prior year cash flow statement.

Intertek Group Plc Monitor

Intertek Group Plc Annual Report 2017
CR Monitor Issue: 
2018/0725
Company covered: 
Intertek Group Plc
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Change
Extended risk disclosure including identification of new principal risk factor.
Change
Added disclosure outlining sustainability goals.
Change
Reduction in US tax rate leads to re-measurement of deferred tax liabilities.
Change
Sensitivity analysis introduced to acquisition note in respect of contingent consideration.

Yara International ASA Monitor

Yara International ASA Annual Report 2017
CR Monitor Issue: 
2018/0718
Company covered: 
Yara International ASA
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Pronouncements
Disclosure of impact of new standards namely IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Extended disclosure in respect of restructuring provision linked to decision to close industrial site.
Change
Extended disclosure in respect of contingent liabilities and contingent assets.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows"
Restatement
Restatement of gains and losses on financial instruments without explanation.
Restatement
Restatement of quantitative information linked to liquidity and currency risk disclosures.

Anglo American plc Monitor

Anglo American plc Annual Report 2017
CR Monitor Issue: 
2018/0719
Company covered: 
Anglo American Plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers”.
Change
Disclosure of main risks linked to defined benefit pension scheme.
Restatement
Restatement of prior year deferred tax asset analysis.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Change in presentation basis of operating costs from by function to by nature.
Restatement
Restatement of segmental reporting information liked to business disposal.