IAS 19 'Employee benefits'

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.

Pension actuarial assumptions: Sensitivity analysis -Compass Group plc

Period End: 
30 September, 2016
Period End Date: 
2016-09-30
Listing Status: 
FTSE 100, S&P Europe 350
ICB Industry Classification: 
5757 Restaurants & Bars
Auditor: 
KPMG

Mitchells & Butlers plc Monitor

Mitchells & Butlers plc Annual Report 2016
CR Monitor Issue: 
2017/0310
Company covered: 
Mitchells & Butlers plc
Period End: 
24 September, 2016
Report issued on 28 March 2017 covered the following practice issues:
Change
Identification of “onerous lease provisions” as a new risk area of possible material misstatement by the auditors.
Change
Auditors' extend discussion of materiality by including a graphical presentation.
Change
Adoption of amendment to IAS 19 in respect of accounting for service linked employee contributions.
Pronouncements
Discussion of changes to IFRS 8 and IAS 24 as a result of annual IFRS improvements included.
Change
Tabular disclosure of principal risks includes "food supply chain safety" as a new principal risk.
Restatement
Financial liabilities restated to include accrued charges without explanation.

Brexit Disclosures in Listed Company Annual reports

The referendum vote to leave the European Union (EU) has undoubtedly led to uncertainty for business and will potentially have far reaching impacts for companies from many different industries. This report, pulled together in March 2017, focuses on the information that companies have disclosed within their annual reports during the latter half of 2016. It sets out disclosures around risk as well as the disclosure of Brexit impacts which have already been felt and the resulting ramifications.

Retirement benefits - Debenhams plc

Period End: 
3 September, 2016
Period End Date: 
2016-09-03
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5373 Broadline Retailers
Auditor: 
PricewaterhouseCoopers

Retirement Benefits-Britvic plc

Period End: 
2 October, 2016
Period End Date: 
2016-10-02
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3537 Soft Drinks
Auditor: 
Ernst & Young

Retirement benefits - Redrow plc

Period End: 
30 June, 2016
Period End Date: 
2016-06-30
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3728 Home Construction
Auditor: 
PricewaterhouseCoopers

Land Securities Group Plc Monitor

Land Securities Group Plc Annual Report 2016
CR Monitor Issue: 
2017/0112
Company covered: 
Land Securities Group Plc
Period End: 
31 March, 2016
Report issued on 31 January 2017 covered the following practice issues:
Change
Disclosure of impact on defined benefit pension scheme of differences between valuation assumptions as agreed with trustees and on an IAS 19 basis.
Change
Separate disclosure of interest income and expense as attributable to revenue items and capital items.
Change
Cyber attack identified as a new principal risk factor.
New
Disclosure of amount of unutilised capital losses, on which no deferred tax asset is recognised.
Change
Additional disclosures included in audit report of conclusions given to the audit committee on the assessment of material risks of misstatement.
Change
Impairment reversals subsumed within costs line as a result of change in income statement presentation.

Redrow plc Monitor

Redrow plc Annual Report 2016
CR Monitor Issue: 
2017/0111
Company covered: 
Redrow plc
Period End: 
30 June, 2016
Report issued on 23 January 2017 covered the following practice issues:
Pronouncements
Disclosure of amendment to employee benefits standard regarding defined benefit plan contributions.
Pronouncements
Qualitative disclosure relating to impacts of new lease standard.
Change
Change in who is identified as key management personnel.

RELX Group Monitor

RELX Group Annual Report 2015
CR Monitor Issue: 
2017/0104
Company covered: 
RELX Group
Period End: 
31 December, 2015
Report issued on 9 January 2017 covered the following practice issues:
Change
Full consolidated financial statements are presented instead of combined financial statements.
Change
Earnings per share presented for separate share classes as part of the consolidated income statement.
Change
Reconciliation introduced for the net defined benefit liability from the opening balance to the closing balance.
New
Past service and settlement costs are recognised after transferring the Netherlands defined benefit pension scheme to a defined contribution scheme.
Change
Change in profit base for calculating net cash from operating activities.