IAS 18 'Revenue'

Telenor group Monitor

Telenor group Annual Report 2018
CR Monitor Issue: 
2019/0512
Company covered: 
Telenor group
Period End: 
31 December, 2018
Report issued on 17 May 2019 covered the following practice issues:
Restatement
The cash flow statement has been restated for the year ended 31 December 2017 to reflect changes in accounting policies in relation to supply chain financing arrangements.
Restatement
Segmental information is restated to reflect change in reportable segments.
Pronouncements
Adopted IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9), from 1 January 2018.
Pronouncements
Adopted IFRIC 22 Foreign Currency Transactions and Advance Consideration and early adopted IFRIC 23 Uncertainty over Income Tax Treatments from 1 January 2018.
Pronouncements
Disclosure in respect of Amendments in IFRS 2 Share-based Payments and IAS 19 Employee Benefits.
Change
Inclusion of new key audit matters in the Auditors’ Report.

Kuehne + Nagel

kuehne + Nagel Annual Report 2018
CR Monitor Issue: 
2019/0418
Company covered: 
Kuehne + Nagel
Period End: 
31 December, 2018
Report issued on 22 April 2019 covered the following practice issues:
Pronouncements
Impact of adoption of IFRS 9 “Financial instrument” and IFRS 15 “Revenue from contract with customer” discussed in detail.
Pronouncements
Extended discussion on the expected impact of IFRS 16 “Lease”.
Change
A statement on the offset of deferred tax assets and liabilities in the statement of financial position.
Change
Disclosure of a post balance sheet event, namely a share purchase transaction.
Change
Disclosure of a new share-based payment plan.

Victrex plc Monitor

Victrex plc Annual Report 2018
CR Monitor Issue: 
2019/0317
Company covered: 
Victrex plc
Period End: 
30 September, 2018
Report issued on 26 March 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure that a post balance sheet court ruling will impact pension obligations in the future.
Change
Disclosure of a new share-based payment plan.
Change
Interest and finance income & expenses presented on gross basis instead of net basis.

Euromoney Institutional Investor plc Monitor

Euromoney Institutional Investor plc Annual Report 2018
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:
Pronouncements
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”.
Change
Detailed discussion on the new key audit matter added in the auditor’s report.
Restatement
Change in methodology for allocation of corporate cost along with restatement of comparative figures.
Change
Deferred tax changes recognised following changes to US tax legislation.
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
Extended disclosure in respect of contingent liabilities.

Associated British Foods Plc Monitor

Associated British Foods Plc Annual Report 2018
CR Monitor Issue: 
2019/0315
Company covered: 
Associated British Foods Plc
Period End: 
15 September, 2018
Report issued on 19 March 2019 covered the following practice issues:
Pronouncements
New 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”.
Change
Disclosure in respect of business acquisition made during the year.
Change
Disclosure of the sensitivity analysis performed during the year.
Change
Disclosure regarding contingencies related to the Guaranteed Minimum Pension.
Change
Disclosure of tax implications of European Commission state aid investigation.

Ferrexpo plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2018/0307
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
1757 Iron & Steel
Auditor: 
Deloitte
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Change
Reclassification adjustment made in 'Net finance expense' note.
Change
Extended disclosure in respect of "Alternative Performance Measures".

Antofagasta plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0308
Period End: 
30 June 2018
Listing Status: 
FTSE 100, Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
PricewaterhouseCoopers
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Extended disclosure of the future expected impacts of IFRS 16 "Leases".
Restatement
Restatement of comparative figures due classification of an operation as disocntinued.

Diploma Plc Monitor

Diploma Plc Annual Report 2018
CR Monitor Issue: 
2019/0302
Company covered: 
Diploma Plc
Period End: 
30 September, 2018
Report issued on 5 March 2019 covered the following practice issues:
Pronouncements
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”.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Disclosure related to payment of remuneration of two CEOs.

Grainger Plc Monitor

Grainger Plc Annual Report 2018
CR Monitor Issue: 
2019/0202
Company covered: 
Grainger Plc
Period End: 
30 September, 2018
Report issued on 12 February 2019 covered the following practice issues:
Pronouncements
New 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”.
Pronouncements
Disclosure of expected impacts of amendment to IAS 40 "Investment property".
Change
Disclosure of information in regards to the disposal of a joint venture.
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities following the adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Disclosure in respect of events after the reporting period.

Halma plc Monitor

Halma plc Annual Report 2018
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:
Pronouncements
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”.
Change
Deferred tax changes recognised following changes to US tax legislation.
Pronouncements
Presentation of a reconciliation of movements in liabilities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure in respect of contingent liabilities.