IAS 18 'Revenue'

Rio Tinto Plc Monitor

Rio Tinto Plc Annual Report 2017
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:
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 treatment”.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Detailed disclosure of post balance sheet events.
Change
Extended disclosure in respect of contingent liabilities.
Restatement
Restatement of prior year comparatives in respect of leases, trade receivables and trade payables.

Unite Group plc Monitor

Unite Group plc Annual Report 2017
CR Monitor Issue: 
2018/1110
Company covered: 
Unite Group plc
Period End: 
31 December, 2017
Report issued on 13 November 2018 covered the following practice issues:
Change
Disclosure in respect of Real Estate Investment Trust status.
Change
Discussion of key audit matters included in audit report including identification of Real Estate Investment Trust status as a key audit matter.
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
Presentation changes within the note on investments in joint ventures.

Travis Perkins plc Monitor

Travis Perkins plc Annual Report 2017
CR Monitor Issue: 
2018/1101
Company covered: 
Travis Perkins plc
Period End: 
31 December, 2017
Report issued on 06 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", and IFRS 16 "Leases".
Change
Disclosure of income statement information in respect of businesses acquired during the year.
Restatement
Reclassification of defined benefit pension scheme assets from Level 1 to Level 2 of fair value hierarchy.

Clarkson Plc Monitor

Clarkson Plc Annual report 2017
CR Monitor Issue: 
2018/1104
Company covered: 
Clarkson Plc
Period End: 
31 December, 2017
Report issued on 06 November 2018 covered the following practice issues:
Pronouncements
Impact disclosure added in respect of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure added in respect of Key Audit Matter.
Change
Disclosure added in respect of pension scheme surplus.

Hochschild Mining plc Monitor

Hochschild Mining Annual Report 2017
CR Monitor Issue: 
2018/1103
Company covered: 
Hochschild Mining plc
Period End: 
31 December, 2017
Report issued on 06 November 2018 covered the following practice issues:
Pronouncements
Disclosure added in respect of impact of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Enhanced and extended disclosure of principal risks.
Change
Separate auditor and director responsibility sections included in audit report.

Antofagasta plc Monitor

Antofagasta plc Annual Report 2017
CR Monitor Issue: 
2018/1024
Company covered: 
Antofagasta plc
Period End: 
31 December, 2017
Report issued on 30 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 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Restatement
Restatement of comparative figures with respect to property, plant and equipment.
Change
Assets and liabilities classified as held for sale disclosed separately on the face of balance sheet.
Pronouncements
Presentation of a reconciliation of movements in net debt arising from financing activities.

John Wood Group PLC Monitor

John Wood Group PLC Annual Report 2017
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:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Change
Extended disclosure on revenue recognition.
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
Changes made to internal segmental reporting structure.
Change
Detailed disclosure in respect of intangible assets and goodwill recognised in respect of businesses acquired.

SIG plc Monitor

SIG plc Annual Report 2017
CR Monitor Issue: 
2018/1017
Company covered: 
SIG plc
Period End: 
31 December, 2017
Report issued on 23 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
Recognition of prior year adjustment to correct historical overstatement of profits.
Change
Reclassification of exchange difference to profit or loss linked to disposal of foreign operations.
Change
Extended disclosure of non-IFRS performance measures.

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.

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.