IAS 18 'Revenue'

BAE Systems plc Monitor

BAE systems plc Annual Report 2017
CR Monitor Issue: 
2018/0620
Company covered: 
BAE systems plc
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenues from contracts with customers" including detailed quantification.
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
Software assets and development costs identified as separate classes of intangible asset.

Swedish Match AB

Swedish Match AB Annual Report 2017
CR Monitor Issue: 
2018/0601
Company covered: 
Swedish Match AB
Period End: 
31 December, 2017
Report issued on 5 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new standards issued but not yet adopted IFRS 9,15 and 16.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7
Change
Detailed description of the factors that make up the goodwill recognised following a business acquisition.

Stora Enso Oyj Monitor

Company Name Annual Report Year
CR Monitor Issue: 
2018/0414
Company covered: 
Stora Enso Oyj
Period End: 
31 December, 2017
Report issued on 16 April 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards.
Change
Change in definition of operational EBITDA.
Change
Disclosure of post balance sheet events in respect of obligations and a business disposal.
Change
Enhancement of risk disclosures including the addition of a risk heat map.

Greene King plc Monitor

Greene King plc Annual Report 2017
CR Monitor Issue: 
2018/0306
Company covered: 
Greene King plc
Period End: 
30 April, 2017
Report issued on 13 March 2018 covered the following practice issues:
Change
Recognition of pension settlement gain.
Change
Audit report disclosure of risks of material misstatement extended.
Pronouncements
Disclosure of new standards issued but not yet effective extended to include disclosure initiative amendment to IAS 7 "Cash flow statements" and IFRIC 23 “Uncertainty over income tax treatments”.
New
Separate Alternative Performance Measures section included.
Change
Identification of new Key performance indicators.

Ophir Energy plc Monitor

Ophir Energy plc Annual Report 2015
CR Monitor Issue: 
2016/1207
Company covered: 
Ophir Energy plc
Period End: 
31 December, 2015
Report issued on 19 December 2016 covered the following practice issues:
New
Disclosure on business combinations including fair values of net assets acquired.
New
Computation of Gross profit reflected in the income statement for the first time this year following business combination.
Inconsistent
Summarised joint venture information disclosed not fully in line with IFRS.
New
Impairment recognised in relation to newly acquired oil and gas properties.
New
Capital instrument disclosures extended to reflect information on interest bearing bank loans and bonds.
Change
Financial instrument disclosures extended to include information on contractual maturities of non-derivative financial liabilities.

Geberit AG Monitor

Geberit AG Annual Report 2015
CR Monitor Issue: 
2016/0810
Company covered: 
Geberit AG
Period End: 
31 December 2015
Report issued on 29 August 2016 covered the following practice issues:
New
Goodwill recognised on business combination attributed to costs reductions and new product opportunities.
Change
Trademarks identified as a separate class of intangible asset.
New
Analysis of operating lease payments presented.
Change
Segmental analysis of net sales after taking into account customer discounts.
New
Disclosure of a breakdown of property plant and equipment by geographic region introduced.

Syngenta AG Monitor

Syngenta AG Annual Report 2015
CR Monitor Issue: 
2016/0602
Company covered: 
Syngenta AG
Period End: 
31 December, 2015
Report issued on 07 June 2016 covered the following practice issues:
Change
Change in contractual terms for sales results in recognition of previously deferred revenue.
Change
Inventory valuation method revised.

Velocys plc Monitor

Velocys plc Annual Report 2014
CR Monitor Issue: 
2015/1104
Company covered: 
Velocys plc
Period End: 
31 December, 2014
Report issued on 17 November 2015 covered the following practice issues:
Divergence
Restructuring of multi-year contract leads to negative revenue.
Divergence
Divergence from corporate governance rules on audit committee expertise.
Change
Contingent consideration classed at Level 3 of fair value hierarchy.
Inconsistent
Changes in value of available for sale financial asset recognised in income statement.

Rightmove Plc Monitor

Rightmove Plc Annual Report 2014
CR Monitor Issue: 
2015/0808
Company covered: 
Rightmove Plc
Period End: 
31 December, 2014
Report issued on 10 August 2015 covered the following practice issues:
Change
Extended disclosures on website revenue recognition.

Gamma Communications plc Monitor

Gamma Communications plc Annual Report 2014
CR Monitor Issue: 
2015/0506
Company covered: 
Gamma Communications plc
Period End: 
31 December, 2014
Report issued on 15 May 2015 covered the following practice issues:
Change
Merger accounting principle from UK GAAP applied, as company lists on AIM.
Change
Segmental information introduced.
Change
Introduction of policy on revenue recognition.
Change
Loans to management disclosed as related party transactions.
Change
Introduction of note on fair value measurement of financial instruments.
Change
Primary statements adjusted to IFRS format.