Leases

Greene King plc Monitor

Greene King plc Annual Report 2018
CR Monitor Issue: 
2019/0109
Company covered: 
Greene King plc
Period End: 
29 April, 2018
Report issued on 14 January 2019 covered the following practice issues:
Pronouncements
Disclosure of the impact of new standards issued or amended but not yet adopted including IFRS 9 “Financial Instruments”, IFRS 15 “Revenue from Contracts with Customers”, and IFRS 16 “Leases”.
Restatement
Change in presentation of pension assets and liabilities on the face of balance sheet.
Pronouncements
Presentation of a reconciliation of movements in net debt following adoption of an amendment to IAS 7 "Statement of cash flows".
Restatement
Restatement of non- cancellable operating lease commitments for comparative period.
Restatement
Reclassification of asset categories within tangible assets.
Change
Extended disclosure of principal risks including identification of new risk factors.

Renishaw plc Monitor

Renishaw plc Annual Report 2018
CR Monitor Issue: 
2018/1203
Company covered: 
Renishaw plc
Period End: 
30 June, 2018
Report issued on 04 December 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Change
Discussion of a new key audit matter included in audit report.
Restatement
Netting of deferred tax assets and deferred tax liabilities in the balance sheet.
Change
Reduction in corporate income tax rate results in reassessment of deferred tax balance.
Change
Recognition of goodwill impairment.
Restatement
Presentation of a maturity analysis of amounts receivable as a lessor and restatement of comparative amounts payable as a lessee.

G4S plc Monitor

G4S plc Annual Report 2017
CR Monitor Issue: 
2018/1102
Company covered: 
G4S plc
Period End: 
31 December, 2017
Report issued on 6 November 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 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Change
Change in deferred tax recognised linked to reduction in US tax rate.
Change
Extended disclosure of revenue and non-current assets for the country of domicile.
Restatement
Correction of prior year misstatement in respect of operating lease commitments.

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.

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.

Capital & Counties Properties PLC Monitor

Capital & Counties Properties PLC Annual Report 2017
CR Monitor Issue: 
2018/0902
Company covered: 
Capital & Counties Properties PLC
Period End: 
31 December, 2017
Report issued on 03 September 2018 covered the following practice issues:
Change
Results of discontinued operations presented in separate line on the face of the income statement.
Change
Discussion of key audit matters included in audit report.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following the adoption of amendment to IAS 7 "Statement of cash flows".
Pronouncements
Disclosure in respect of the future impacts of new accounting standards including IFRS 9 "Financial instruments" and amendments to existing standards including IAS 28 "Investments in associates" and IAS 40 "Investment property".
Change
Extended disclosure of valuation information in respect of investment and development properties.
Restatement
Restatement of maturity analysis of future minimum lease amounts receivable to correct prior year error.

Legal & General Group plc Monitor

Legal & General Group plc Annual Report 2017
CR Monitor Issue: 
2018/0717
Company covered: 
Legal & General Group plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Change
Detailed disclosure in respect of business classified as discontinued operation.
Pronouncements
Disclosure of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", IFRS 16 "Leases" and IFRS 17 "Insurance contracts".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Amounts reclassified from cash and cash equivalents to financial investments following an assessment of their maturity.
Change
Segmental reporting information restated following reclassification of business as a discontinued operation.
Change
Reverse repurchase agreements reclassified as financial assets.

Rolls-Royce Holdings plc Monitor

Rolls-Royce Holdings plc Annual Report 2017
CR Monitor Issue: 
2018/0715
Company covered: 
Rolls-Royce Holdings plc
Period End: 
31 December, 2017
Report issued on 17 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure with respect to new accounting standards including quantification in respect of IFRS 15 "Revenues from contracts with customers".
Change
Disclosure of a reduction in the number of reporting segments linked to business simplification.
Change
Enhanced disclosure in respect of capitalisation of internally generated development costs.
Restatement
Restatement of comparative lease amount linked to correction in exchange rate applied.
Change
Bargain purchase gain recognised in respect of step acquisition.
Change
Additional deferred tax asset recognised following a change in UK tax law.

UCB SA Monitor

UCB SA Annual Report 2017
CR Monitor Issue: 
2018/0611
Company covered: 
UCB SA
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenue from contracts with customers" using a full retrospective approach.
Pronouncements
Enhanced disclosure in respect of the future impacts of IFRS 16 "Leases".
Change
Fair value of previously held interest in business acquired taken into account in calculation of goodwill.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Discussion of key audit matters included in the auditors' report.
Change
Extended disclosure of principal risks including identification of a new risk factor.

Grainger plc Monitor

Grainger plc Annual Report 2017
CR Monitor Issue: 
2018/0516
Company covered: 
Grainger plc
Period End: 
30 September, 2017
Report issued on 28 May 2018 covered the following practice issues:
Change
Audit report includes discussion of key audit matters.
Pronouncements
Extended disclosure in respect of new standards issued but not yet effective namely IFRS 9, IFRS 15, IFRS 16.
Change
Introduction of tabular disclosure illustrating the calculation of net debt and the loan to value ratio.
Change
Extended disclosure of principal risks includes identification of new risk areas.
Change
Presentation of a maturity analysis of amounts receivable as a lessor.
Change
Acquisition of properties and new funding arrangements disclosed as post balance sheet events.