Restructuring

Vedanta Resources plc Monitor

Vedanta Resources plc Annual Report 2017
CR Monitor Issue: 
2018/0312
Company covered: 
Vedanta Resources plc
Period End: 
31 March, 2017
Report issued on 20 March 2018 covered the following practice issues:
Change
Internal restructuring leads to reduction in subsidiary percentage shareholding.
Pronouncements
Disclosure on new standards and amendments to existing standards that are not yet adopted.
Change
Auditors report presentation enhanced including inclusion of overview section.
New
Sustainability report disclosures enhanced by inclusion of materiality matrix.
Change
Alternative performance measures section added to annual report.
Change
Increase in decommissioning provision linked to change in prior year discount rate.

De La Rue plc Monitor

De La Rue plc Annual Report 2016
CR Monitor Issue: 
2016/1009
Company covered: 
De La Rue plc
Period End: 
26 March, 2016
Report issued on 14 October 2016 covered the following practice issues:
Change
Loss recognised on classification of business as held for sale.
Restatement
Change in segmental reporting structure due to discontinuance of operations.
Change
Graphical presentation included in audit report showing application of materiality and overview of audit scope.
Change
Auditors identify presentation of business as discontinued operations as a risk area of material misstatement.

Roche Holding Ltd Monitor

Roche Holding Ltd Annual Report 2015
CR Monitor Issue: 
2016/0901
Company covered: 
Roche Holding Ltd
Period End: 
31 December, 2015
Report issued on 07 September 2016 covered the following practice issues:
Change
Finalisation of the accounting of business acquisition resulting in decrease to goodwill.
New
Recognition of restructuring costs including loss on divestment.

Hunting PLC Monitor

Hunting PLC Annual Report 2015
CR Monitor Issue: 
2016\0703
Company covered: 
Hunting PLC
Period End: 
31 December, 2015
Report issued on 29 July 2016 covered the following practice issues:
New
Pension curtailment gain results in gain on business disposal.
New
Restructuring cost of US$7.1 million recognised as an exceptional item.
Change
Goodwill impairment test recoverable amount calculation basis changed to fair value less costs to sell basis from value in use.
Change
Presentation of a breakdown of all goodwill allocated to individual cash generating units.
New
Graphical representation of principal risks added charting probability of impact.

Burford Capital Limited Monitor

Burford Capital Limited Annual Report 2012
CR Monitor Issue: 
2013/0706
Company covered: 
Burford Capital Limited
Period End: 
31 December 2012
Report issued on 09 July 2013 covered the following practice issues:
Pronouncements
Early adoption of IFRS 9 increases profit before tax by 75.2%.
Divergence
Share issue for investment advisory function not treated as business combination, as timing of charges not explained.
Change
Negative goodwill leads to gain as litigation insurance business acquired.

GAM Holding AG Monitor

GAM Holding AG Annual Report 2012
CR Monitor Issue: 
2013/0511
Company covered: 
GAM Holding AG
Period End: 
31 December 2012
Report issued on 28 May 2013 covered the following practice issues:
Change
New organisational management structure to be adopted.
Pronouncements
Impact of amendments to IAS 19 "Employee benefits" discussed.