IAS 36 'Impairment of assets'

Johnson Matthey PLC Monitor

Johnson Matthey PLC Annual Report 2018
CR Monitor Issue: 
2018/0914
Company covered: 
Johnson Matthey PLC
Period End: 
31 March, 2018
Report issued on 17 September 2018 covered the following practice issues:
Change
Disclosure of two new share-based payment plans.
Pronouncements
Extended disclosure in relation to the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Discussion of key audit matters included in audit report.
Change
Inclusion of separate director and auditor responsibility sections in the audit report.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities.
Change
Disclosure in respect of US tax changes including reduction of corporate income tax rate from 35% to 21%.

FirstGroup plc Monitor

First Group plc Annual Report 2018
CR Monitor Issue: 
2018/0905
Company covered: 
FirstGroup plc
Period End: 
31 March, 2018
Report issued on 10 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Disclosure of reconciliation of movements in liabilities arising from financing activities.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Recognition of goodwill impairment based on difficult US trading conditions.
Change
Disclosure of a net asset breakdown in respect of business combination.
Change
Provision for onerous contract recognised in respect of rail franchise.

Cairn Energy plc Monitor

Cairn Energy plc Annual Report 2017
CR Monitor Issue: 
2018/0906
Company covered: 
Cairn Energy plc
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in income statement linked to commencement of production.
Change
Breakdown of production assets presented in a note to the accounts.
Change
Presentation of impairment sensitivity analysis.
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2017-18
CR Monitor Issue: 
2018/0903
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2018
Report issued on 3 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards: IFRS 9 "Financial instruments", IFRS 16 "Leases" and IFRIC 23 “Uncertainty over income tax treatments”.
Change
Change in reporting segments reflects economic characteristics and the management structure of the business.
Change
Change in allocation of goodwill to cash generating units for impairment test purposes.
Change
Recognition of exceptional tax credit linked to change in US tax laws.
Change
Disclosure of post balance sheet business acquisition agreement.

Aviva plc Monitor

Aviva plc Annual Report 2017
CR Monitor Issue: 
2018/0818
Company covered: 
Aviva plc
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Pronouncements
Extended disclosure in respect of new standards not yet applicable including information in respect of IFRS 17 "Insurance contracts".
Change
Detailed disclosure in respect of business disposals.
Change
Amounts reclassified in relation to equity and expenses.
Change
Recognition of goodwill impairment.
Change
Alteration of segmental reporting structure to reflect reclassification of Irish business.

Voestalpine AG Monitor

Voestalpine AG Annual Report 2017-18
CR Monitor Issue: 
2018/0815
Company covered: 
Voestalpine AG
Period End: 
31 March, 2018
Report issued on 21 August 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities in line with IAS 17 "Statement of cash flows".
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure of impairment charge analysed by cash generating unit.

Savills plc Monitor

Savills plc Annual Report 2017
CR Monitor Issue: 
2018/0812
Company covered: 
Savills plc
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 audit report.
Pronouncements
Presentation of a reconciliation of movements in borrowings on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure showing movements in current and non-current deferred consideration.
Pronouncements
Extended disclosure on the expected impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure in respect of goodwill impairment recognised.

Münchener Rückversicherungs-Gesellschaft AG Monitor

Münchener Rückversicherungs-Gesellschaft AG Annual Report 2017
CR Monitor Issue: 
2018/0724
Company covered: 
Münchener Rückversicherungs-Gesellschaft AG
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of the impacts of new accounting standards including IFRS 17 "Insurance contracts", IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in classification of interest receivable not due.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising form financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Pronouncements
Discussion of key audit matters included in the audit report.
Change
Change in segmental reporting structure linked to discontinuation of a business.
Change
Recognition of impairment reversal in respect of deferred acquisition costs.

Electrolux AB Monitor

Electrolux AB Annual Report 2017
CR Monitor Issue: 
2018/0513
Company covered: 
Electrolux AB
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure with respect to impact of new accounting standards including quantification.
Change
Detailed disclosure of business combinations.
Pronouncements
Additional Disclosure in line with amendment to IAS 7 “Statement of cash flows”.
Change
Change in estimate used for impairment test of intangible asset with indefinite life.
New
Separate statement on sustainability reporting included within annual report.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2017
CR Monitor Issue: 
2018/0305
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2017
Report issued on 13 March 2018 covered the following practice issues:
Change
Exceptional impairment charge recognised in respect of business disposal.
Restatement
Finalisation of business combination asset values results in recognition of additional goodwill.
Change
Recognition of pension settlement gain.
Change
Deferred tax credit recognised in respect of tax losses.
Change
Goodwill impairment linked to lower growth expectations.
Pronouncements
Extended disclosure in respect of the future impacts of new accounting standards.