Prior year adjustments

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.

Standard Chartered plc Monitor

Standard Chartered Annual Report 2017
CR Monitor Issue: 
2018/0612
Company covered: 
Standard Chartered plc
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Change
Change in balance sheet format including inclusion of extra line items.
Pronouncements
Detailed disclosure of expected impact of IFRS 9 "Financial instruments" including quantification.
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Recognition of prior year adjustment in respect of contingent liabilities and commitments.

Henkel AG & Co. KGaA Monitor

Henkel AG & Co. KGaA Annual Report 2017
CR Monitor Issue: 
2018/0409
Company covered: 
Henkel AG & Co. KGaA
Period End: 
31 December, 2017
Report issued on 10 April 2018 covered the following practice issues:
Pronouncements
Additional cash flow disclosure in relation to changes in liabilities arising from financing activities.
Pronouncements
Extended disclosure on the expected future impacts of new accounting standards.
Restatement
Finalisation of prior year business combination amounts.
Change
Audit report includes discussion of key audit matters.

Koninklijke Philips N.V. Monitor

Koninklijke Philips N.V. Annual Report 2017
CR Monitor Issue: 
2018/0401
Company covered: 
Koninklijke Philips N.V.
Period End: 
31 December,2017
Report issued on 03 April 2018 covered the following practice issues:
Restatement
Prior year adjustment recognised in respect of tax understatement.
Change
Presentation changes to the income statement, statement of financial position and statement of cash flows.
Change
Business no longer identified as a reporting segment following its reclassification as a discontinued operation.
Pronouncements
Enhanced disclosure regarding the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".

Renishaw plc Monitor

Renishaw plc Annual report 2017
CR Monitor Issue: 
2018/0209
Company covered: 
Renishaw plc
Period End: 
30 June, 2017
Report issued on 20 February 2018 covered the following practice issues:
Restatement
Prior year restatement following discovery of accounting error in respect of hedge accounting.
Change
Results of discontinued operations highlighted in a separate line item on the face of the income statement.
Change
Auditors report enhanced by inclusion of overview of audit approach section and audit scope diagrams.
Change
Alternative performance measures note added to the financial statements.

Thomas Cook Group plc Monitor

Thomas Cook Group plc Annual Report 2017
CR Monitor Issue: 
2018/0206
Company covered: 
Thomas Cook Group plc
Period End: 
30 September, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Correction of accounting errors result in prior year adjustments.
Change
Key audit matters section included in auditors report.
Change
Risk disclosures enhanced by disclosure of link to strategy and movements compared to the prior year.
Change
New financing agreement highlighted in post balance sheet events note.

Micro Focus International plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0502
Period End: 
31 October 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
9537 Software
Auditor: 
PricewaterhouseCoopers
Restatement
Net assets reduced by 3.2% in light of prior period overstatement of revenue, following internal investigation.
Change
Acquisition of assets and business shown under post balance sheet events.

Croda International plc

Croda International plc Annual Report 2011
CR Monitor Issue: 
2012/0704
Company covered: 
Croda International plc
Period End: 
31 December 2011
Report issued on 10 July 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Additional pensions inflation measure disclosed.
Change
Summary sheet of elements of directors' remuneration published.
Change
Increased disclosures on sustainability.
Divergence
Unexplained restatements on prior year reversal of inventory write-downs and cash flows of discontinued operations.
Change
Current year segmental disclosures modified in accordance with structure effective from next year.

The Capita Group Plc Period End 31 December 2010

The Capita Group Plc Annual Report 2010
CR Monitor Issue: 
2011/1101
Company covered: 
The Capita Group Plc
Period End: 
31 December 2010
Report issued on 02 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impact of change in tax rate disclosed.
Change
Only fair values of assets and liabilities acquired through business combinations disclosed following adoption of revised IFRS 3.
Change
Several new risks added to risk disclosures with disclosure of the potential impacts.
Restatement
Restatement of prior year comparative receivables and payables without explanation.