IAS 19 'Employee benefits'

GlaxoSmithKline plc Monitor

GlaxoSmithKline plc Annual Report 2016
CR Monitor Issue: 
2017/0811
Company covered: 
GlaxoSmithKline plc
Period End: 
31 December, 2016
Report issued on 22 August 2017 covered the following practice issues:
Restatement
Change in composition of reporting segments linked to restructuring of the business.
Change
Identification of new areas of audit focus in relation to "Acquisition-related liabilities" and "Finance transformation".
Pronouncements
Disclosure of proposed changes in non-audit services policy in line with Financial Reporting Council’s (FRC’s) revised Ethical Standards and new EU Audit Regulation.
Pronouncements
IFRIC interpretation leads to change in presentation in respect of cash pooling arrangements.
Restatement
Analysis of defined benefit scheme assets and obligations restated to exclude defined contribution plan amounts.

Euromoney Institutional Investor PLC Monitor

Euromoney Institutional Investor PLC Annual Report 2016
CR Monitor Issue: 
2017/0806
Company covered: 
Euromoney Institutional Investor PLC
Period End: 
30 September, 2016
Report issued on 08 August 2017 covered the following practice issues:
Restatement
Segment reporting restated following implementation of new business strategy.
Change
Mutli-employer pension scheme accounted for as a defined benefit scheme for the first time.
Change
Auditors report extended by inclusion of disclosure of new areas of audit focus.
Change
Method of valuation disclosed in relation to business held for sale.
Change
Extended analysis of deferred income

Britvic plc Monitor

Britvic plc Annual Report 2016
CR Monitor Issue: 
2017/0803
Company covered: 
Britvic plc
Period End: 
02 October, 2016
Report issued on 1 August 2017 covered the following practice issues:
Change
Change in fair value of deferred consideration between acquisition date and the year end.
Change
Past service credit and curtailment gain recognised in relation to defined benefit pension scheme.
Change
Principal risk disclosures enhanced by linkage to strategic priorities
Change
Detailed description of audit tender process.
Pronouncements
Change in the non-audit service fees policy on account of new pronouncement.
Change
Assets under construction disclosed separately within property plant and equipment note.

Galliford Try plc Monitor

Galliford Try plc Annual Report 2016
CR Monitor Issue: 
2017/0606
Company covered: 
Galliford Try plc
Period End: 
30 June, 2016
Report issued on 13 June 2017 covered the following practice issues:
Restatement
Change in land inventory recognition policy.
Change
Disclosure of insurance buy-in transaction in respect of defined benefit pension scheme.
Change
Risk disclosures enhanced by inclusion of risk heat map.
Change
Disclosure of principal risks regarding "over-reliance", "business management systems" and "business continuity" introduced.
Change
Analysis of financial instrument book values against fair values restated.

Pensions - Wartsila

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
KPMG

The Go-Ahead Group plc Monitor

The Go-Ahead Group plc Annual Report 2016
CR Monitor Issue: 
2017/0514
Company covered: 
The Go-Ahead Group plc
Period End: 
2 July, 2016
Report issued on 30 May 2017 covered the following practice issues:
Change
Basis of calculation of adjusted earnings per share altered to exclude incremental impact of IAS 19.
Change
No explanation for a reporting period of 53 weeks instead of 52 weeks.
Change
Risk disclosures enhanced by introduction of "risk heat map".
Change
Disclosure of reconciliation of movements in deferred tax balances.
Pronouncements
Disclosure of unquantified impact of impending new leasing and revenue standards.

Hays plc Monitor

Hays plc Annual Report 2016
CR Monitor Issue: 
2017/0511
Company covered: 
Hays plc
Period End: 
30 June, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Derivative financial asset reflected separately on the face of the statement of financial position at fair value.
Change
Recognition of settlement charge in respect of defined benefit pension plan.
Change
Enhanced risk disclosures include discussion on risk appetite, risk attributes and three lines of defence model.
Change
Remuneration disclosures enhanced by inclusion of employee information.

Fiat Chrysler Automobiles N.V. Monitor

Fiat Chrysler Automobiles N.V. Annual Report 2016
CR Monitor Issue: 
2017/0508
Company covered: 
Fiat Chrysler Automobiles N.V.
Period End: 
31 December, 2016
Report issued on 15 May 2017 covered the following practice issues:
Change
Change in presentation of statement of financial position sees liabilities classified under current and non-current.
Change
Restatement of prior year deferred tax assets linked to adoption of IAS 19 and acquisition of a non-controlling interest.
Restatement
Income statement restated to reclassify other income/expense to selling, general and other costs.

ThyssenKrupp AG Monitor

ThyssenKrupp AG Annual Report 2016
CR Monitor Issue: 
2017/0507
Company covered: 
ThyssenKrupp AG
Period End: 
30 September, 2016
Report issued on 15 May 2017 covered the following practice issues:
Change
Recognition of impairments to property plant and equipment as a result of market conditions.
Change
Disclosure that changes in assumption would lead to impairment of "critical goodwill"
Change
Discussion of pension valuation assumptions highlights market volatility as the reason for a change in discount rate leading to recognition of a re-measurement loss.
Change
Disclosure of indirect financial targets enhanced and linked to sustainability.
New
Disclosure of compliance principles introduced to the strategic report.

Genus plc Monitor

Genus plc Annual Report 2016
CR Monitor Issue: 
2017/0408
Company covered: 
Genus plc
Period End: 
30 June, 2016
Report issued on 17 April 2017 covered the following practice issues:
Change
Recognition of gain following change of pension inflation index and a liability linked to minimum funding requirement.
Change
Disclosure of expiry period of deferred tax assets regarding losses available for carry forward.
New
Disclosure of post balance sheet events relating to litigation proceeding and formation of partnership .
Restatement
Cash flow statement disclosure restated to include cash acquired on acquisition in investing activities.
Restatement
Financial instrument disclosures restated to exclude other taxes and social security.
Change
Assets under construction presented as a separate class of property plant and equipment.