Post balance sheet events

Kuehne + Nagel

kuehne + Nagel Annual Report 2018
CR Monitor Issue: 
2019/0418
Company covered: 
Kuehne + Nagel
Period End: 
31 December, 2018
Report issued on 22 April 2019 covered the following practice issues:
Pronouncements
Impact of adoption of IFRS 9 “Financial instrument” and IFRS 15 “Revenue from contract with customer” discussed in detail.
Pronouncements
Extended discussion on the expected impact of IFRS 16 “Lease”.
Change
A statement on the offset of deferred tax assets and liabilities in the statement of financial position.
Change
Disclosure of a post balance sheet event, namely a share purchase transaction.
Change
Disclosure of a new share-based payment plan.

Koninklijke Philips NV Monitor

Koninklijke Philips NV Annual Report 2018
CR Monitor Issue: 
2019/0412
Company covered: 
Koninklijke Philips NV
Period End: 
31 December, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Recognition of a change in the segmental reporting structure including restatement of the prior year comparatives.
Pronouncements
Adopted IFRS 9 Financial Instruments (IFRS 9) and IFRS 15 Revenue from contracts with customers (IFRS 15) from 1st January 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.
Change
Change in allocation of goodwill to cash generating units for impairment purpose.
Change
A quantified sensitivity analysis regarding accounting estimates and judgements in respect of the fair value of contingent consideration payable has been included in the Report this year.
Change
Disclosure in respect of post-balance sheet events has been included in the report.

McCarthy & Stone Plc Monitor

McCarthy & Stone Plc Annual Report 2018
CR Monitor Issue: 
2019/0411
Company covered: 
McCarthy & Stone Plc
Period End: 
31 August, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Prior year comparative cash flow statement restated following an enquiry by the Financial Reporting Council (FRC).
Pronouncements
Added disclosure as to the expected future impact of adopting IFRS 9 Financial Instruments
Pronouncements
Added disclosure as to the expected future impact of adopting IFRS 15 "Revenue from contracts with customers"
Change
Extended disclosure in respect of alternative performance measures.
Change
Disclosure of a sensitivity analysis in relation to the assumptions applied when assessing goodwill for impairment.

Pandora A/S Monitor

Pandora A/S Annual Report 2018
CR Monitor Issue: 
2019/0414
Company covered: 
Pandora A/S
Period End: 
31 December, 2018
Report issued on 15 April 2019 covered the following practice issues:
Pronouncements
Restatement of comparative amounts in the statement of financial position due to changes in disclosure requirements following adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
Implementation of new disclosures following adoption of IFRS 9 Financial Instruments.
Pronouncements
Extended disclosure on the future expected impacts of IFRS 16 Leases adoption.
Change
Disclosure of a sensitivity analysis in respect of movements in currency rates and commodity prices.
Change
Disclosure on acquisitions made after the balance sheet date.

Siemens AG Monitor

Siemens AG Annual Report 2018
CR Monitor Issue: 
2019/0410
Company covered: 
Siemens AG
Period End: 
30 September, 2018
Report issued on 9 April 2019 covered the following practice issues:
Pronouncements
Extended disclosure as to the expected future impacts of adopting IFRS 9 Financial instruments and IFRS 16 "Leases".
Pronouncements
Early adoption of IFRS 15 Revenue from contracts with customers.
Change
October 2018 business acquisition disclosed as a post balance sheet event.
Change
Changes in deferred tax disclosure, including identification of the impact of the US Tax Cuts and Jobs Act, which cut the US income tax rate from 35% to 21%.
Change
Extension of risk disclosures including the identification of ‘Restructuring’ as a new material strategic risk factor.
Change
Presentation of a reconciliation showing movements in liabilities arising from financing activities.

OSRAM Licht AG Monitor

OSRAM Licht Annual Report 2019
CR Monitor Issue: 
2019/03016
Company covered: 
OSRAM Licht AG
Period End: 
30 September, 2018
Report issued on 26 March 2019 covered the following practice issues:
Change
Business acquired during the year consolidated by virtue of contractual rights.
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers”, IFRS 16 “Leases” and IFRIC 23 ‘Uncertainty over income tax treatments’.
Change
Disclosure in respect of events after the reporting period.
Change
Disclosure of a proposed change in the segmental reporting structure.
Change
Detailed discussion of two new key audit matters added to the auditor’s report.
Change
Deferred tax changes recognised following changes to US tax legislation.

Infineon Technologies AG Monitor

Infineon Technologies AG Annual Report 2018
CR Monitor Issue: 
2019/0320
Company covered: 
Infineon Technologies AG
Period End: 
30 September, 2018
Report issued on 26 March 2018 covered the following practice issues:
Change
Separate disclosure in respect of joint ventures with presentation of summarized financial information.
Change
Disclosure related to changes in entity wide disclosures.
Change
Post balance sheet disclosure of the acquisition made.
Pronouncements
Extended disclosure as to the future impacts of new accounting standards IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities following the adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Discussion of a new key audit matter.

Victrex plc Monitor

Victrex plc Annual Report 2018
CR Monitor Issue: 
2019/0317
Company covered: 
Victrex plc
Period End: 
30 September, 2018
Report issued on 26 March 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure that a post balance sheet court ruling will impact pension obligations in the future.
Change
Disclosure of a new share-based payment plan.
Change
Interest and finance income & expenses presented on gross basis instead of net basis.

Imperial Brands Plc Monitor

Imperial Brands Plc Annual Report 2018
CR Monitor Issue: 
2019/0313
Company covered: 
Imperial Brands Plc
Period End: 
30 September, 2018
Report issued on 19 March 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRIC 23 “Uncertainty over income tax treatments”.
Change
Extended disclosure in relation to key judgement made in respect of consolidation of subsidiary.
Change
Disclosure made in respect of post balance sheet events.
Change
Detailed discussion of two new key audit matters added to the auditor’s report.
Change
Disclosure of a proposed change in the segmental reporting structure
Change
Provisional values finalised in respect of business acquired in previous year and information in respect of acquisition made during the year.

Compass Group PLC Monitor

Compass Group PLC Annual Report 2018
CR Monitor Issue: 
2019/0211
Company covered: 
Compass Group PLC
Period End: 
30 September, 2018
Report issued on 26 February 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Change in segmental reporting structure with restatement of comparative information.
Change
Disclosure of post balance sheet court judgement impacting future pension obligations.