IFRS 8 'Operating segments'

Wartsila Corporation Monitor

Wartsila Corporation Annual Report 2018
CR Monitor Issue: 
2019/0505
Company covered: 
Wartsila Corporation
Report issued on 03 May 2019 covered the following practice issues:
Restatement
Segmental reporting information is restated following the transfer of activities between segments.
Restatement
Basic and diluted earnings per share figures are rested following a share issue and adoption of IFRS 15 Revenue from contracts with customers.
Pronouncements
IFRS 15 Revenue from contracts with customers is adopted resulting in a change in revenue recognition policy in respect of long-term service and maintenance agreements and oil and gas construction contracts.
Pronouncements
Extended disclosure is given on the expected future impacts of IFRS 16 Leases .
Change
Management judgement and use of estimate disclosures are extended to include additional information in respect of revenue recognition.
Change
A profit is recognised on the disposal of a business.

MTU Aero Engines AG Monitor

MTU Aero Engines AG Annual Report 2018
CR Monitor Issue: 
2019/0503
Company covered: 
MTU Aero Engines AG
Period End: 
31 December, 2018
Report issued on 03 May 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments , IFRS 15 Revenue from contracts with customers and DSRC 4 Interpretation (IFRS) from 1 January 2018.
Pronouncements
Disclosure in respect of the expected impact of IFRS 16 Leases.
Pronouncements
Description of IFRIC 23 Uncertainty over income tax treatments
Change
Additional disclosure in relation to segment reporting.

Elementis plc Monitor

Elementis plc Annual Report 2018
CR Monitor Issue: 
2019/0425
Company covered: 
Elementis plc
Period End: 
31 December, 2018
Report issued on 29 April 2019 covered the following practice issues:
Restatement
A change in reporting segments results in the restatement of comparative period figures.
Restatement
Comparative Earnings per share (EPS) is restated following a shares rights issue.
Pronouncements
IFRS 9 Financial Instruments is adopted from 1 January 2018 on a retrospective basis.
Pronouncements
A new revenue recognition policy is implemented following the adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
The expected impact of adopting IFRS 16 Leases is disclosed.
Change
The disposal of a business previously classified as a discontinued operation is completed.

Vonovia SE Monitor

Vonovia SE Annual Report 2018
CR Monitor Issue: 
2019/0424
Company covered: 
Vonovia SE
Period End: 
31 December, 2018
Report issued on 29 April 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 “Financial instruments” and IFRS 15 “Revenue from contracts with customers” from 1 January 2018.
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 16 “Leases”.
Change
Disclosure in relation to a newly identified reportable segment
Change
Extended disclosures in respect of foreign currencies.
Change
Extended disclosures in respect of intangible assets.
Change
Disclosure of post balance sheet events.

Schindler Group AG Monitor

Schindler Group AG Annual Report 2018
CR Monitor Issue: 
2019/0423
Company covered: 
Schindler Group AG
Period End: 
31 December, 2018
Report issued on 03 March 2012 covered the following practice issues:
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1st 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
Presentation of income statement has been changed.
Change
Changes made in respect of geographical information.
Change
Disclosure in respect of tax refunds.

Deutsche Post AG Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0417
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
2771 Delivery Services
Auditor: 
PricewaterhouseCoopers
Pronouncements
Adoption of IFRS 9 Financial Instruments from 1 January 2018, resulted in early recognition of loss allowance.
Pronouncements
Impact on revenue recognition after adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
Recognition of right-of-use assets and lease liabilities on adoption of IFRS 16 Leases.
Change
Discussion on acquisitions made in the current period.

Tate & Lyle Plc Interim Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0419
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3577 Food Products
Auditor: 
Ernst & Young
Restatement
The year-end balance sheet has been restated, predominantly as a result of changes introduced in reportable segment and on inclusion of net retirement benefit interest expense and the associated tax in its alternative performance measures.
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1 April 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.

John Wood Group Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0407
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
0573 Oil Equipment & Services
Auditor: 
KPMG
Restatement
The year-end balance sheet has been restated, predominantly as a result of provisional fair values now finalised in respect of a significant business acquisition in October 2017.
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1st 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
Classification of assets and liabilities as held for sale and an impairment of the EthosEnergy joint venture.

Infineon Technologies AG Monitor

Infineon Technologies AG Annual Report 2018
CR Monitor Issue: 
2019/0320
Company covered: 
Infineon Technologies AG
Period End: 
30 September, 2018
Report issued on 26 March 2018 covered the following practice issues:
Change
Separate disclosure in respect of joint ventures with presentation of summarized financial information.
Change
Disclosure related to changes in entity wide disclosures.
Change
Post balance sheet disclosure of the acquisition made.
Pronouncements
Extended disclosure as to the future impacts of new accounting standards IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities following the adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Discussion of a new key audit matter.

Euromoney Institutional Investor plc Monitor

Euromoney Institutional Investor plc Annual Report 2018
CR Monitor Issue: 
2019/0314
Company covered: 
Euromoney Institutional Investor plc
Period End: 
30 September, 2018
Report issued on 19 March 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Detailed discussion on the new key audit matter added in the auditor’s report.
Restatement
Change in methodology for allocation of corporate cost along with restatement of comparative figures.
Change
Deferred tax changes recognised following changes to US tax legislation.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure in respect of contingent liabilities.