Joint arrangements

Joint ventures - Engie

Period End: 
31 December, 2015
Period End Date: 
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
7575 Multiutilities

Barratt Developments plc Monitor

Barratt Developments plc Annual Report 2015
CR Monitor Issue: 
Company covered: 
Barratt Developments plc
Period End: 
30 June, 2015
Report issued on 04 March 2016 covered the following practice issues:
Extended information on joint ventures and subsidiaries given under new disclosure rules.
Unquantified effects of impending revenue Standard disclosed.

Shaftesbury PLC Monitor

Shaftesbury PLC Annual Report 2015
CR Monitor Issue: 
Company covered: 
Shaftesbury PLC
Period End: 
30 September, 2015
Report issued on 12 February 2016 covered the following practice issues:
Joint venture accounted for under equity method after adoption of new consolidation Standard.
Viability statement under revised UK Corporate Governance Code looks forward for five years.

Joint Arrangements: An emerging issue under IFRS

This report focuses on the financial reporting by entities that have an interest in arrangements which are controlled jointly with another party, in light of the requirements of IFRS 11 “Joint arrangements”. It covers company application of the concept of joint control taking into account the guidance given by IFRS to companies to determine whether arrangements fall within the scope of IFRS 11. It further covers the review undertaken by companies based on the rights and obligations held to determine whether the joint arrangements that exist are considered joint ventures or joint operations and the subsequent accounting of such arrangements in line with the equity accounting method as per IAS 28 “Investments in associates and joint ventures” or of the entities proportionate share of assets, liabilities, revenue and expenses respectively. Finally it considers the financial and presentational impacts of IFRS 11 adoption.