Dividends

3i group plc Monitor

3i Group plc Annual Report 2018
CR Monitor Issue: 
2018/1120
Company covered: 
3i group plc
Period End: 
31 March, 2018
Report issued on 27 November 2018 covered the following practice issues:
Change
Summarised disclosure of changes to the directors remuneration policy.
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 16 "Leases"and IFRS 9 "Financial instruments".
Change
Additional line item as ‘Transfer from translation reserve to capital reserve’ in its statement of changes in equity.
Change
Reclassification within the cash flow statement.
Change
A new dividend policy proposed.

Drax Group plc Monitor

Drax Group plc Annual Report 2017
CR Monitor Issue: 
2018/0811
Company covered: 
Drax Group plc
Period End: 
31 December, 2017
Report issued on 20 August 2018 covered the following practice issues:
Pronouncements
Extended disclosure in relation to the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Discussion of key audit matters included in auditor's report.
Change
Disclosure of a qualitative description of the factors that make up business acquisition goodwill.
Change
Expansion of detail in the income statement linked to inclusion of additional line items.
Change
Detailed disclosure of new share-based payment plans.
Change
Enhanced segmental reporting including disclosure of capital expenditure by segment.

Grainger plc Monitor

Grainger plc Annual Report 2016
CR Monitor Issue: 
2017/0809
Company covered: 
Grainger plc
Period End: 
30 September, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Businesses disposed of reflected as discontinued operations
Change
Movements in investment in joint venture no longer disclosed separately for net assets and loans.
Divergence
No presentation of reconciliations of movements in property, plant & equipment, intangible assets and provisions.
Change
Disclosure of significant accounting policies in each individual relevant note.
Pronouncements
Disclosure of change in non-audit services policy in line with FRC guidance
Change
Directors’ remuneration policy revised to align with strategic goals.

Discontinued operations under IFRS

Focusing on a sample drawn from 17 large listed European companies that report under IFRS, this report reviews income statement and cash flow statement disclosures about discontinued operations.

Casino, Guichard-Perrachon SA Period End 31 December 2009

Casino, Guichard-Perrachon SA Annual Report 2009
Recognition of gain on dividend in specie increases profit by 20.2%
French retailer Casino, Guichard-Perrachon distributes shares in a subsidiary without losing control and recognises a €139 million gain in the income statement that increases pre-tax profit by 20.2%, noting that impending revisions to IFRS will not permit the current treatment.

Gap emerges in IFRS over accounting treatment of new French tax regime
French retailer Casino, Guichard-Perrachon discloses that it intends to account for elements of a new tax based on value added under IAS 12 “Income taxes” with effects on the income statement and deferred tax, as guidance by the French Accounting Standards Authority permits varying treatments.

BlueBay Asset Management plc Period End 30 June 2009

BlueBay Asset Management plc Annual Report 2009

Fund units purchased for employee benefits reclassified as prepayments
UK investment manager BlueBay Asset Management (BlueBay) changes its policy to initially record fund units purchased for the benefit of its employees as prepayments rather than financial assets at fair value through profit or loss that reduces total assets by 9.5% and total liabilities by 28.7%.


Exceptional costs reduce profit by 21.5%
UK investment manager BlueBay Asset Management (BlueBay) classifies as exceptional £4.8 million costs which relate to redundancy and relocation of US operations and reduce profit by 21.5%.

BlueBay Asset Management plc Period End 30 June 2009

BlueBay Asset Management plc Annual Report 2009

Fund units purchased for employee benefits reclassified as prepayments
UK investment manager BlueBay Asset Management (BlueBay) changes its policy to initially record fund units purchased for the benefit of its employees as prepayments rather than financial assets at fair value through profit or loss that reduces total assets by 9.5% and total liabilities by 28.7%.


Exceptional costs reduce profit by 21.5%
UK investment manager BlueBay Asset Management (BlueBay) classifies as exceptional £4.8 million costs which relate to redundancy and relocation of US operations and reduce profit by 21.5%.

Ashmore Group plc Period End 30 June 2009

Ashmore Group plc Annual Report 2009

Only intrinsic value of options designated as cash flow hedges

UK investment manager Ashmore enters into options to hedge the currency risk of future US dollar management fee income and designates only their intrinsic value as cash flow hedges.