IFRS 8 'Operating segments'

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2016
CR Monitor Issue: 
2017/03008
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2016
Report issued on 21 March 2017 covered the following practice issues:
New
Control of previous joint venture achieved through stepped acquisition.
Restatement
Segment information restated to show joint ventures and associates on an equity accounting basis.
Change
Change in impairment valuation technique from value-in-use to fair value less cost of disposal for goodwill acquired last year.
Change
Table introduced showing cash flow impacts from individual exceptional items.
Change
Narrative description of key factors impacting the sustainability of its effective tax rate presented.
Change
Additional disclosures on accounting estimates and judgement relating to inventories and taxation presented.

Fenner PLC Monitor

Fenner PLC Annual Report 2016
CR Monitor Issue: 
2017/0309
Company covered: 
Fenner PLC
Period End: 
31 August, 2016
Report issued on 21 March 2017 covered the following practice issues:
Pronouncements
Change in accounting policy in respect of offsetting cash pooling arrangements following guidance from the IFRS Interpretations Committee.
New
Disclosure of post balance sheet disposal of a wholly owned subsidiary.
Change
Disclosure of extended information on segment assets and liabilities.
Restatement
Finalisation of provisional fair values attributed to assets and liabilities in respect of a business acquired last year.

Infineon Technologies AG Monitor

Infineon Technologies AG Annual Report 2016
CR Monitor Issue: 
2017/0304
Company covered: 
Infineon Technologies AG
Period End: 
30 September, 2016
Report issued on 14 March 2017 covered the following practice issues:
Restatement
Restatement of segment information as a result of reallocation of a business.
Change
Presentation of deferred tax assets altered to be net of valuation allowance.
Change
Disclosure of items on which no deferred tax assets are recognised is added.

Sodexo SA Monitor

Sodexo SA Name Annual Report 2016
CR Monitor Issue: 
2017/0303
Company covered: 
Sodexo SA
Period End: 
31 August, 2016
Report issued on 06 March 2017 covered the following practice issues:
Change
Geographical segment entity wide disclosures extended to include separate disclosure of United Kingdom.
Change
Cancellation of treasury shares reduces capital.

Segment Reporting - Sports Direct International plc

Period End: 
24 April, 2016
Period End Date: 
2016-04-24
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5371 Apparel Retailers
Auditor: 
Grant Thornton

Cable & Wireless Communications Limited Monitor

Cable & Wireless Communications Limited Annual Report 2016
CR Monitor Issue: 
2017/0201
Company covered: 
Cable & Wireless Communications Limited
Period End: 
31 March, 2016
Report issued on 07 February 2017 covered the following practice issues:
Change
Change in ownership of the company identified as a post balance sheet event.
Restatement
Restatement of balance sheet following the finalisation of the provisional accounting for prior year business combinations.
Change
Change in segmental reporting due to a change in the organisational management structure.
Change
Disclosure of events leading to reversal of prior year impairments.
Change
Shortened audit report format following acquisition and delisting from the London stock exchange.
Change
Risk disclosures table extended to include three additional risk factors.

Kier Group plc Monitor

Kier Group plc Annual Report 2016
CR Monitor Issue: 
2017/0114
Company covered: 
Kier Group plc
Period End: 
30 June, 2016
Report issued on 31 January 2017 covered the following practice issues:
Restatement
Restatement of comparative information due to finalisation of provisionally accounted business acquisition including the recognition of additional goodwill.
Change
Reallocation of acquired business between reportable segments
Change
Property market identified as a new principal risk area.

AVEVA Group plc Monitor

AVEVA Group plc Annual Report 2016
CR Monitor Issue: 
2017/0109
Company covered: 
AVEVA Group plc
Period End: 
31 March, 2016
Report issued on 23 January 2016 covered the following practice issues:
Restatement
Alteration of income statement format results in aggregation of selling & distribution expenses and administrative expenses.
Change
Change in cost allocation results in restatement of selling & distribution costs and administrative expenses.
Change
Change in basis of segment reporting from business type to geographic location.
Change
Allocation of goodwill to cash generating units altered following change in organisational structure.
Restatement
Goodwill decreased following finalisation of asset fair values and consideration in relation to prior year business combination.
Change
Movement in opening deferred tax following a change in tax rates.

Ophir Energy plc Monitor

Ophir Energy plc Annual Report 2015
CR Monitor Issue: 
2016/1207
Company covered: 
Ophir Energy plc
Period End: 
31 December, 2015
Report issued on 19 December 2016 covered the following practice issues:
New
Disclosure on business combinations including fair values of net assets acquired.
New
Computation of Gross profit reflected in the income statement for the first time this year following business combination.
Inconsistent
Summarised joint venture information disclosed not fully in line with IFRS.
New
Impairment recognised in relation to newly acquired oil and gas properties.
New
Capital instrument disclosures extended to reflect information on interest bearing bank loans and bonds.
Change
Financial instrument disclosures extended to include information on contractual maturities of non-derivative financial liabilities.

Smith & Nephew plc Monitor

Smith & Nephew plc Annual Report 2015
CR Monitor Issue: 
2016/1204
Company covered: 
Smith & Nephew plc
Period End: 
31 December, 2015
Report issued on 12 December 2016 covered the following practice issues:
Change
Change in segmental reporting from multiple segments to single segment reporting structure.
Change
Allocation of goodwill to cash generating units for impairment test purposes altered.
Change
Acquisition intangibles assets charge for the year including impairment disclosed separately although such assets are no longer identified as a separate asset class.
Change
Identification and disclosure of three new principal risk areas.
Change
Auditors' report includes graphical representations.
New
Provision recognised in respect of pending legal claims following settlement of similar claims.