IAS 24 'Related party disclosures'

Experian plc Monitor

Experian plc Annual Report 2018
CR Monitor Issue: 
2018/1014
Company covered: 
Experian plc
Period End: 
31 March, 2018
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure of changes to segmental reporting disclosures.
Change
Discussion of key audit matters included in audit report.
Change
Reassessment of deferred tax linked to reduction in US tax rate.
Change
Introduction of related party disclosures in respect of associated undertaking.

Bovis Homes Group plc Monitor

Bovis Homes Group plc Annual Report 2017
CR Monitor Issue: 
2018/1007
Company covered: 
Bovis Homes Group plc
Period End: 
31 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Restatement
Change in classification of costs leads to prior year adjustment to comparatives.
Change
Exceptional items highlighted within a separate line item on the face of the income statement.
Change
Inclusion of a table disclosing a maturity analysis of operating lease payment commitments.

Greggs PLC Monitor

Greggs PLC Annual Report 2017
CR Monitor Issue: 
2018/1009
Company covered: 
Greggs PLC
Period End: 
30 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Separate discussion of director and auditor responsibilities and key audit matters in the audit report.
Change
Disclosure of post balance sheet disposal of vacant site.
Change
Change in defined benefit pension liability after taking into account new assumption in respect of the commutation of benefits.
Change
Separate alternative performance measures section added.
Change
Change in disclosure of key management remuneration.

Lancashire Holdings Limited Monitor

Lancashire Holdings Limited Annual Report 2017
CR Monitor Issue: 
2018/0813
Company covered: 
Lancashire Holdings Limited
Period End: 
31 December, 2017
Report issued on 21 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Change
Disclosure of transaction with subsidiary of associated undertaking included in related party transactions note.
Change
Disclosure of change in performance conditions attached to director share-based payment plan.
Change
Extended disclosure in respect of insurance losses.

ASML Holding N.V. Monitor

ASML Holding N.V. Annual Report 2017
CR Monitor Issue: 
2018/0413
Company covered: 
ASML Holding N.V.
Period End: 
31 December, 2017
Report issued on 15 April 2018 covered the following practice issues:
Restatement
Restatement of sales breakdown included in segment disclosures.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows"
Pronouncements
Extended disclosure in respect of new standards including quantification of the expected impact of IFRS 16 "Leases".
Change
Summary information disclosed in respect of newly acquired associate.
Change
Disclosure of related party transactions with associate.

Sports Direct International plc Monitor

Sports Direct International plc Annual Report 2017
CR Monitor Issue: 
2018/0205
Company covered: 
Sports Direct International plc
Period End: 
30 April, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Segment reporting structure altered to show international retail business separately.
Change
Aggregate information disclosed in respect of immaterial business combinations.
Change
Profit on disposal of a subsidiary highlighted on the face of the income statement.
Change
Introduction of detailed disclosure in respect of related parties.
Change
Purchase of company strategic stakes disclosed in post balance sheet events note.
Change
Identification of "brexit" as a new principal risk factor.

Koninklijke DSM N.V. Monitor

Koninklijke DSM N.V. Annual Report 2016
CR Monitor Issue: 
2017/1010
Company covered: 
Koninklijke DSM N.V.
Period End: 
31 December, 2016
Report issued on 24 October 2017 covered the following practice issues:
Change
Income statement format altered to exclude disclosure of exceptional items.
Change
Cash received following reduction of holding in associated undertaking reflected as a cash flow from investing activities.
Restatement
Presentation of related party disclosures enhanced to show transactions with associates and joint ventures separately.
Change
Reconciliation of movements in financial instruments extended to include an analysis of loans to associates and joint ventures.
Change
Disclosure of key audit matters extended to include "valuation of a joint venture" and "alternative performance measures" as new areas.
New
Post balance sheet business acquisition highlighted in subsequent events note.

Novozymes A/S Monitor

Novozymes A/S Annual Report 2016
CR Monitor Issue: 
2017/0709
Company covered: 
Novozymes A/S
Period End: 
31 December, 2016
Report issued on 18 July 2017 covered the following practice issues:
Pronouncements
Introduction of new section "key audit matters" in auditors' report as a result of change in audit standards.
Change
Allocation of goodwill to cash generating units for impairment test purposes changed.
Change
Breakdown of key management remuneration includes "severance costs"
Change
New principal risk factor added in respect of "Delay of BioAg commercialisation"
Pronouncements
Extended discussion on the impacts of new standards including IFRS 9 and IFRS 16.
Change
Goodwill on acquisition of business attributed to synergy benefits.

Daimler AG Monitor

Daimler AG Annual Report 2016
CR Monitor Issue: 
2017/0702
Company covered: 
Daimler AG
Period End: 
31 December, 2016
Report issued on 04 July 2017 covered the following practice issues:
Change
Definition of segment assets and liabilities altered to exclude hedging instruments.
Change
Definition of capital management measure altered.
Restatement
Income statement restated on reallocation of amounts from administrative expenses to cost of sales.
Restatement
Related parties note restated to reflect change in amount payable to joint ventures.
Restatement
Restatement of financial instruments subject to master netting arrangements without explanation.
New
Post balance sheet disposal highlighted in subsequent events note.

Related party disclosures - Daimler

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
3353 Automobiles
Auditor: 
KPMG