IAS 19 'Employee benefits'

Thales Monitor

Thales Annual Report 2015
CR Monitor Issue: 
2016/1111
Company covered: 
Thales
Period End: 
31 December, 2015
Report issued on 28 November 2016 covered the following practice issues:
Pronouncements
Adoption of IFRIC interpretation results in change in recognition date for levies.
Change
Settlement gain recognised on conversion of defined benefit pension plan into defined contribution plan.
Change
Introduction of share purchase plan allows employees to buy treasury shares at a discount.
Change
Analysis of joint venture and associate components of other comprehensive income presented by nature.

Grafton Group plc Monitor

Grafton Group plc Annual Report 2015
CR Monitor Issue: 
2016\1108
Company covered: 
Grafton Group plc
Period End: 
31 December, 2015
Report issued on 22 November 2016 covered the following practice issues:
Change
Material operating items recognised highlighted as non-recurring in a separate note.
Pronouncements
New non-audit services policy linked to change in regulation.
New
Geographic entity wide segment information extended to include the Netherlands following a business acquistion.
Inconsistent
Segment geographic measure of assets not in line with IFRS requirements.
Change
Policy statement in respect of supplier rebate arrangements disclosed for the first time despite prior year relevance.
Inconsistent
Intangible asset amortisation life not disclosed separately for each class of intangible asset.

Tesco plc Monitor

Tesco PLC Annual Report 2016
CR Monitor Issue: 
2016/1104
Company covered: 
Tesco PLC
Period End: 
27 February, 2016
Report issued on 07 November 2016 covered the following practice issues:
Change
Change in the income statement format from single column to multi-column to highlight exceptional items.
Change
Gain on closure of employee benefit plan recognised as an exceptional item.
Change
Greater aggregation of reporting segments as a result of revised management reporting structure.
Change
More detailed analysis of operating, investing and financing cash flows on the face of the cash flow statement.
Divergence
Internally generated intangible assets aggregated with other intangible assets.

FirstGroup plc Monitor

FirstGroup plc Annual Report 2016
CR Monitor Issue: 
2016/1012
Company covered: 
FirstGroup plc
Period End: 
31 March, 2016
Report issued on 24 October 2016 covered the following practice issues:
Change
Recognition of past service gain following changes in employee benefit schemes.
New
Disclosure of post balance sheet events.
Change
Disclosure of tax expense components.

Givaudan SA Monitor

Givaudan SA Annual Report 2015
CR Monitor Issue: 
2016/0807
Company covered: 
Givaudan SA
Period End: 
31 December, 2015
Report issued on 23 August 2016 covered the following practice issues:
Change
Settlement of a defined benefit plan resulting in one-time gain.
Change
Enhanced disclosure of directors remuneration
Pronouncements
Probable impact of new Financial instruments standard disclosed.
Change
Provision recognised in respect of environmental obligation previously identified as a contingent liability,

Dassault Systèmes Monitor

Dassault Systèmes Annual Report 2015
CR Monitor Issue: 
2016/0805
Company covered: 
Dassault Systèmes
Period End: 
31 December, 2015
Report issued on 16 August 2016 covered the following practice issues:
Change
Finalisation of provisional accounting results in recognition of additional goodwill.
Change
Disclosure of sensitivity analysis for assumptions made in valuation of defined benefit pension obligation.
New
Settlement reduction in defined benefit pension plan assets and obligation

MS Amlin plc Monitor

MS Amlin plc Annual Report 2015
CR Monitor Issue: 
2016/0512
Company covered: 
MS Amlin plc
Period End: 
31 December, 2015
Report issued on 31 May 2016 covered the following practice issues:
Change
Reporting segments restated following change in operating structure.
New
Non-operating gain of £11.6 million recognised on closure of defined benefit pension scheme.

Koninklijke Philips N.V. Monitor

Koninklijke Philips N.V. Annual Report 2015
CR Monitor Issue: 
2016/0508
Company covered: 
Koninklijke Philips N.V.
Period End: 
31 December, 2015
Report issued on 17 May 2016 covered the following practice issues:
Pronouncements
Disclosures relating to new leases standard.
Pronouncements
Adoption of amendments to employee benefits standard.
Change
Change in presentation of key audit matters in auditor’s report.
Change
Disclosure of future change in segmental reporting structure.

Rexam plc Monitor

Rexam plc Annual Report 2015
CR Monitor Issue: 
2016/0505
Company covered: 
Rexam plc
Period End: 
31 December, 2015
Report issued on 10 May 2016 covered the following practice issues:
Change
Takeover of the company awaiting shareholder's approval.
Divergence
Effect of change in estimated useful life of machinery for future period is not shown.
Change
Deferred tax assets recognised in respect of tax losses now considered recoverable.
Restatement
Settlement of government indirect tax incentive restated from financing cash flow to operating cash flow.
New
Goodwill recognised on business combination.
Change
Extended associated undertaking summary financial information including current and non-current assets.

Go-Ahead Group Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2016/0409
Period End: 
31 December 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5759 Travel & Tourism
Auditor: 
Deloitte
Restatement
Adjusted earnings per share increased by exclusion of employee contributions to defined benefit plans.
Change
Explanation of interest policy for retirement scheme rights over company assets.