Levies

Thales Monitor

Thales Annual Report 2015
CR Monitor Issue: 
2016/1111
Company covered: 
Thales
Period End: 
31 December, 2015
Report issued on 28 November 2016 covered the following practice issues:
Pronouncements
Adoption of IFRIC interpretation results in change in recognition date for levies.
Change
Settlement gain recognised on conversion of defined benefit pension plan into defined contribution plan.
Change
Introduction of share purchase plan allows employees to buy treasury shares at a discount.
Change
Analysis of joint venture and associate components of other comprehensive income presented by nature.

MAN SE Monitor

MAN SE Annual Report 2015
CR Monitor Issue: 
2016/0904
Company covered: 
MAN SE
Period End: 
31 December, 2015
Report issued on 14 September 2016 covered the following practice issues:
Change
Derivatives included in hedging relationships identified as a separate class of financial instrument.
Pronouncements
IFRIC 21 "Levies" applied for the first time.

Brewin Dolphin Holdings Plc Monitor

Brewin Dolphin Holdings Plc Annual Report 2015
CR Monitor Issue: 
2016/0213
Company covered: 
Brewin Dolphin Holdings Plc
Period End: 
30 September, 2015
Report issued on 26 February 2016 covered the following practice issues:
Pronouncements
Adoption of interpretation on levies decreases operating costs.
Restatement
Client settlement cash excluded from cash and cash equivalents.
Restatement
Social security on share options and dilapidation allowance reclassified to provisions.
New
Introduction of viability statement, with disclosure of significant assumptions.
New
Disclosure of information about substantial shareholders holding 3% or more voting rights.

Kingfisher plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/1107
Period End: 
01 August 2015
Listing Status: 
FTSE 100
ICB Industry Classification: 
5375 Home Improvement Retailers
Auditor: 
Deloitte
Pronouncements
Adoption of levies interpretation affects timing of recognition of liabilities.
New
30% interest in business classed as financial asset after gain on disposal of 70% controlling interest.

Accor SA Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/1105
Period End: 
30 June 2015
Listing Status: 
Europe 350
ICB Industry Classification: 
5753 Hotels
Auditor: 
Deloitte
Restatement
Comparative profit before tax increases 5.8% on adoption of interpretation on timing of levy recognition.

Norsk Hydro ASA Monitor

Norsk Hydro ASA Annual Report 2014
CR Monitor Issue: 
2015/0907
Company covered: 
Norsk Hydro ASA
Period End: 
31 December, 2014
Report issued on 22 September 2015 covered the following practice issues:
Restatement
Revised accounting for joint operations under new rules, with no impact on equity.
Pronouncements
New rules expected to change timing of recognition for some levies and indirect taxes.

IG Group Holdings Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0116
Period End: 
30 November 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
8777 Investment Services
Auditor: 
PricewaterhouseCoopers
Pronouncements
New rules on levies leads to immediate write-off of annual charge.
Change
Impact of post-balance sheet cessation of Swiss national bank intervention in exchange rates quantified.
Change
Note on client funds and assets introduced.