Share-based payments

Compass Group PLC Monitor

Compass Group PLC Annual Report Year
CR Monitor Issue: 
2018/0515
Company covered: 
Compass Group PLC
Period End: 
30 September, 2017
Report issued on 15 May 2018 covered the following practice issues:
Change
Presentation of business combination table showing book values and fair values.
Change
Tabular disclosure of key audit matters included in audit report.
Change
Analysis of the present value of defined benefit obligations between funded and unfunded obligations.
Change
Introduction of a reconciliation table in respect of share-based payment plans.
Change
Disclosure of Non IFRS measures such as "underlying results", "organic revenue" and "organic profit" in the financial statements.
Change
Disclosure of proposed changes to directors remuneration policy.

EI Group plc Monitor

EI Group Annual Report 2017
CR Monitor Issue: 
2018/0411
Company covered: 
EI Group Monitor
Period End: 
30 September 2017
Report issued on 13 April 2018 covered the following practice issues:
Change
Investment properties identified as a class of assets separate from property plant and equipment.
Pronouncements
Extended disclosure in respect of the future impact of new standards.
Change
Presentation of quantified segment breakdown as a result of operating segments meeting IFRS 8 thresholds.
Change
Change in income statement format to remove separate exceptional items column.

Mediclinic plc Monitor

Mediclinic plc Annual Report 2017
CR Monitor Issue: 
2018/0310
Company covered: 
Mediclinic plc
Period End: 
31 March, 2017
Report issued on 20 March 2018 covered the following practice issues:
Restatement
Additional goodwill recognised following finalisation of business combination fair values.
Change
Assets and liabilities held for sale disclosed in separate lines on the face of the statement of financial position.
Change
Enhanced disclosure of financial instruments including fair value information.
Change
Disclosure of cash settled share based payment plan.
Change
Auditors' identify new area of audit focus in respect of "risk of fraud in revenue recognition".
Pronouncements
Additional disclosure on early adoption of amendment to IAS 7 "Statement of cash flows"

Micro Focus International plc Monitor

Micro Focus International plc Annual Report 2017
CR Monitor Issue: 
2018/0204
Company covered: 
Micro Focus International plc
Period End: 
30 April, 2017
Report issued on 13 February 2018 covered the following practice issues:
Change
Amortisation of capitalised research and development costs reclassified to cost of sales to achieve comparability.
Change
Goodwill recognised on business acquisition represents value of the assembled workforce and expected future economic benefits.
Pronouncements
Disclosures on amendments to IFRS 2.
Pronouncements
Qualitative disclosures on the future impacts of new revenue standard.
Change
Risk disclosures enhanced by inclusion of flow chart illustrating the risk management cycle.
Change
Disclosure of principal risk factors extended to identify competition as a new risk factor.

Dairy Crest Group plc Monitor

Dairy Crest Group plc Annual Report 2017
CR Monitor Issue: 
2018/0103
Company covered: 
Dairy Crest Group plc
Period End: 
31 March, 2017
Report issued on 2 January 2018 covered the following practice issues:
Change
Proposed changes to directors remuneration policy include introduction of a new long term incentive plan.
Change
Audit report enhanced by inclusion of tabular disclosure outlining changes to risks of material misstatement.
Pronouncements
Disclosure of impending impacts linked to future adoption of new revenue standard.
Change
Assets held for sale disclosed in a separate line on the face of the statement of financial position.

Intertek Group Plc Monitor

Intertek Group Plc Annual Report 2016
CR Monitor Issue: 
2017/1008
Company covered: 
Intertek Group Plc
Period End: 
31 December, 2016
Report issued on 17 October 2017 covered the following practice issues:
Pronouncements
Cash pooling arrangement balances presented gross following IFRIC Agenda decision.
Restatement
Segment reporting restated following a change in basis of monitoring performance.
Restatement
Restatement of deferred share awards under long-term incentive plan in order to correct error.
Change
Auditors identify “presentation and valuation of acquisitions” as a new area of audit focus.
Change
Disclosure of new principal risk factors in respect of “customer service” and “Facilities”.
New
Introduction of tabular analysis of net debt.

CNH Industrial N.V Monitor

CNH Industrial N.V Annual Report 2016
CR Monitor Issue: 
2017/0513
Company covered: 
CNH Industrial N.V
Period End: 
31 December, 2016
Report issued on 04 April 2017 covered the following practice issues:
Divergence
Financing cash flows from issue and redemption of medium term borrowings presented on a net basis.
Restatement
Carrying value and fair value of securitised receivables restated without explanation.
Restatement
Restatement of number of stock options exercised in the comparative period.

Adidas AG Monitor

Adidas AG Annual Report 2016
CR Monitor Issue: 
2017/0510
Company covered: 
Adidas AG
Period End: 
31 December, 2016
Report issued on 23 May 2017 covered the following practice issues:
Change
Disclosure of information in respect of new equity settled share purchase plan for employees.
Pronouncements
Summarised non-quantified disclosure of impacts of new standards namely IFRS 9, IFRS 15 and IFRS 16.
Restatement
Financial instrument disclosures restated without explanation.

Share based payments - Redrow plc

Period End: 
30 June, 2016
Period End Date: 
2016-06-30
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3728 Home Construction
Auditor: 
PricewaterhouseCoopers

Halfords Group plc Monitor

Halfords Group plc Annual Report 2016
CR Monitor Issue: 
2017/0110
Company covered: 
Halfords Group plc
Period End: 
1 April, 2016
Report issued on 23 January 2017 covered the following practice issues:
Change
Discussion of business model altered to include reference to integrated approach to sustainable growth.
Change
Performance criteria for share based payments altered to reflect compound annual growth rate in EBITDA target over the vesting period.
Restatement
Total future minimum income receipts from sublet restated without explanation.
Restatement
Provision to carry inventories at fair value less costs to sell restated although there is no specific disclosure of the carrying value of inventories carried at fair value less costs to sell.
Change
Unsecured bank overdraft carried at amortised cost included in analysis of fair values.