IFRS 5 'Non-current assets held for sale and discontinued operations'

Informa Plc Monitor

Informa Plc Annual Report 2018
CR Monitor Issue: 
2019/0622
Company covered: 
Informa Plc
Period End: 
31 December, 2018
Report issued on 26 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated on the adoption of IFRS 15 Revenue from Contracts with Customers and the presentation of reportable segments has been changed.
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.
Change
Critical accounting judgements and key sources of estimation uncertainty disclosures are extended to include additional information.
Change
Disclosure on new key audit matters included within the auditors’ report with an additional section relating to irregularities and fraud.
Change
Assets and liabilities held for sale are disclosed separately within the statement of financial position.

GlaxoSmithKline plc Monitor

GlaxoSmithKline plc Annual Report 2018
CR Monitor Issue: 
2019/0618
Company covered: 
GlaxoSmithKline plc
Period End: 
31 December, 2018
Report issued on 19 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers (IFRS 15) and IFRS 9 Financial Instruments (IFRS 9) from 1 January 2018.
Pronouncements
Disclosure in respect of the expected future impact of new accounting standard IFRS 16 Leases.
Change
Disclosure of events after the balance sheet date.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
Disclosure in respect of ‘transactions signed but not yet completed’ within the acquisitions and disposal note.

AstraZeneca Plc Monitor

AstraZeneca Plc Annual Report 2018
CR Monitor Issue: 
2019/0612
Company covered: 
AstraZeneca Plc
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRIC 22 Foreign Currency Transactions and Advance Consideration with effect from 1 January 2018.
Pronouncements
Disclosure in respect of future impacts of adoption of IFRIC 23 Uncertainty over Income Tax Treatments and IFRS 16 Leases has been provided.
Pronouncements
Disclosure in respect of Amendments to IFRS 2 Share-based Payments.
Change
Assets held for sale are disclosed separately within the statement of financial position.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
Disclosures made in respect of post balance sheet events.

Bakkavor Group plc Monitor

Bakkavor Group plc Annual Report 2018
CR Monitor Issue: 
2019/0609
Company covered: 
Bakkavor Group plc
Period End: 
31 December, 2018
Report issued on 10 June 2019 covered the following practice issues:
Pronouncements
Additional disclosure as to the expected future impacts of adopting IFRS 15 Revenue from Contracts with Customers, IFRS 9 Financial Instruments, and IFRS 16 Leases.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.
Change
A property, plant and equipment impairment charge is recognised.
Change
A loss on disposal is recognised on the sale of a subsidiary.
Change
A bargain purchase gain is recognised on the acquisition of a subsidiary.

Acacia Mining plc Monitor

Acacia Mining plc Annual Report 2018
CR Monitor Issue: 
2019/0601
Company covered: 
Acacia Mining plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments from 1 January 2018.
Pronouncements
Adoption of amendment to IFRS 2 Share-based Payment from 1 January 2018.
Pronouncements
The expected future impact of adopting IFRS 16 Leases is disclosed.
Change
Assets and liabilities held for sale are disclosed separately within the statement of financial position.
Change
The disclosure on contingencies is extended to disclose regulatory contingencies which arose in the current financial year.
Change
Disclosure of events after the balance sheet date.

Grafton Group plc Monitor

Grafton Group plc Annual Report 2018
CR Monitor Issue: 
2019/0519
Company covered: 
Grafton Group plc
Period End: 
31 December, 2018
Report issued on 28 May 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
Disclosure of the expected impacts of IFRS 16 Leases adoption.
Change
Disclosure of information in relation to a business disposal.
Change
Presentation of a reconciliation of movements in net debt showing changes in liabilities arising from financing activities.

CLS Holdings plc Monitor

CLS Holdings plc Annual Report 2018
CR Monitor Issue: 
2019/0518
Company covered: 
CLS Holdings plc
Period End: 
31 December, 2018
Report issued on 28 May 2019 covered the following practice issues:
Restatement
Separate disclosure in respect of discontinued operations including the restatement of comparative figures.
Restatement
Reclassification of income tax from operating to investing activities within the statement of cash flows.
Pronouncements
IFRS 9 Financial Instruments adoption from 1 January 2018 results in a reclassification within equity.
Change
Extended information is disclosed in respect of the valuation of investment properties.
Change
The strategic report includes extended principal risk information.

Bunzl plc Monitor

Bunzl plc Annual Report 2018
CR Monitor Issue: 
2019/0517
Company covered: 
Bunzl plc
Period End: 
31 December, 2018
Report issued on 27 May 2019 covered the following practice issues:
Pronouncements
IFRS 15 Revenue from Contracts with Customers is adopted on a retrospective basis from 1 January 2018.
Pronouncements
IFRS 9 Financial Instruments is adopted with effect from 1 January 2018.
Pronouncements
Adoption of an IFRIC agenda decision related to the treatment of interest and penalties linked to taxation.
Pronouncements
The expected future impact of IFRS 16 Leases is disclosed.
Change
The financial statement impact of business disposals is disclosed.
Change
The impact of equalising Guaranteed Minimum Pensions for men and women is recognised.

William Hill Plc Monitor

William Hill Plc Annual Report 2019
CR Monitor Issue: 
2019/0516
Company covered: 
William Hill Plc
Period End: 
1 January, 2019
Report issued on 27 May 2019 covered the following practice issues:
Restatement
Service provider revenue which was previously recognised as other operating income is now classified as revenue.
Pronouncements
Disclosure of expected future impact of IFRS 16 Leases.
Change
Inclusion of a reconciliation presenting the movement in liabilities arising from financing activities.
Change
Significant impairment charge recognised during the year.
Change
Disclosure on the recent High Court ruling on equal guaranteed minimum pensions and recognition of a past service cost.
Change
Inclusion of a new key audit matter in the Auditors’ Report.

National Express Group plc Monitor

National Express Group plc Annual Report 2018
CR Monitor Issue: 
2019/0520
Company covered: 
National Express Group plc
Report issued on 28 May 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments from 1 January 2018.
Pronouncements
Adoption of and IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
Disclosure in respect of the expected impacts of IFRS 16 Leases.
Change
Disclosure in relation to assets classified as held for sale.
Change
Disclosure of geographical information under segment reporting.
Change
Disclosure of new risk of alternative fuel vehicles.