Financial instruments

Bovis Homes Group plc Monitor

Bovis Homes Group plc Annual Report 2017
CR Monitor Issue: 
2018/1007
Company covered: 
Bovis Homes Group plc
Period End: 
31 December, 2017
Report issued on 09 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", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Restatement
Change in classification of costs leads to prior year adjustment to comparatives.
Change
Exceptional items highlighted within a separate line item on the face of the income statement.
Change
Inclusion of a table disclosing a maturity analysis of operating lease payment commitments.

Rathbone Brothers plc Monitor

Rathbone Brothers plc Annual Report 2017
CR Monitor Issue: 
2018/1010
Company covered: 
Rathbone Brothers plc
Period End: 
31 December, 2017
Report issued on 09 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", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Change
Recognition of provision for onerous lease in respect of head office.
Change
Recognition of defined benefit pension gain linked to plan amendment.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".

International Consolidated Airlines Group S.A. Monitor

International Consolidated Airlines Group S.A. Annual Report 2017
CR Monitor Issue: 
2018/1004
Company covered: 
International Consolidated Airlines Group S.A.
Period End: 
31 December, 2017
Report issued on 01 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 new accounting standards including IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Pronouncements
Disclosure of reconciliation of movements in net debt arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Additional line items included on the face of the income statement.
Restatement
Restatement of the comparative figures with respect to offsetting financial assets and liabilities.
Change
Extended disclosure in respect of reporting segments.

Admiral Group plc Monitor

Admiral Group plc Annual Report 2017
CR Monitor Issue: 
2018/0917
Company covered: 
Admiral Group plc
Period End: 
31 December, 2017
Report issued on 24 September 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", and IFRS 16 "Leases".
Change
Change in balance sheet format with no explicit explanation.
Restatement
Reclassification of financial instruments between classes.

Bunzl plc Monitor

Bunzl plc Annual Report 2017
CR Monitor Issue: 
2018/0907
Company covered: 
Bunzl plc
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
Change
Discussion on 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 new accounting standards issued but not yet applicable including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Presentation of a reconciliation of movements in net debts on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Separate disclosure of assets and liabilities held for sale on the face of the statement of financial position.
Change
Extended disclosure in respect of financial instruments.

Capita plc Monitor

Capita plc Annual Report 2017
CR Monitor Issue: 
2018/0816
Company covered: 
Capita plc
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenues from contracts with customers".
Change
Disclosure of post balance sheet restructuring plan.
Change
Result form discontinued operations presented separately on the face of the income statement.
Pronouncements
Extended disclosure of the future impacts of IFRS 16 "Leases".
Change
Alteration to segmental reporting reflects new management structure.
Change
Expanded disclosure in respect of impairments and asset write downs.

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.

Hunting PLC Monitor

Hunting PLC Annual Report 2017
CR Monitor Issue: 
2018/0801
Company covered: 
Hunting PLC
Period End: 
31 December, 2017
Report issued on 7 August 2018 covered the following practice issues:
Change
Audit report includes separate sections discussing director and auditor responsibilities.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards: IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Restatement
Restatement of segmental information linked to change in management structure.
Change
Change in disclosure of directors remuneration policy including separate disclosure of performance metrics.
Restatement
Restatement of fair value disclosures.

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.

Legal & General Group plc Monitor

Legal & General Group plc Annual Report 2017
CR Monitor Issue: 
2018/0717
Company covered: 
Legal & General Group plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Change
Detailed disclosure in respect of business classified as discontinued operation.
Pronouncements
Disclosure of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", IFRS 16 "Leases" and IFRS 17 "Insurance contracts".
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
Amounts reclassified from cash and cash equivalents to financial investments following an assessment of their maturity.
Change
Segmental reporting information restated following reclassification of business as a discontinued operation.
Change
Reverse repurchase agreements reclassified as financial assets.