IFRS 8 'Operating segments'

Anglo American plc Monitor

Anglo American plc  Annual Report 2018
CR Monitor Issue: 
2019/0624
Company covered: 
Anglo American plc
Period End: 
31 December, 2018
Report issued on 28 June 2019 covered the following practice issues:
Restatement
Segmental information restated due to changes in the segmental structure.
Pronouncements
IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments adopted from 1 January 2018.
Pronouncements
Extended disclosures, including quantification of the expected impact of IFRS 16 Leases.
Change
Additional disclosures in the subsequent events note relating to the termination of a contract.
Change
New section in the auditors’ report on the ‘extent to which the audit was considered capable of detecting irregularities, including fraud’.
Change
Loss on curtailment recognised in the income statement due to a transfer of liabilities in a defined benefit pension plan.

Hiscox Ltd Monitor

Hiscox Ltd Annual Report 2018
CR Monitor Issue: 
2019/0621
Company covered: 
Hiscox Ltd
Period End: 
31 December, 2018
Report issued on 25 June 2019 covered the following practice issues:
Restatement
Change in functional and presentational currency with restatement of comparative information.
Restatement
The segmental reporting structure has been revised.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers from 1 January 2018.
Pronouncements
Disclosure of the expected impact of adopting IFRS 16 Leases, IFRS 9 Financial Instruments and Amendments to IAS 19.
Change
The recognition of a past service cost following the equalisation of Guaranteed Minimum Pensions (GMP) for both men and women.
Change
Restatement of line items within 'cash flows from financing activities' in the comparative period of the cash flow statement with nil net impact on overall cash flows.

Segro plc Monitor

Segro plc Annual Report 2018
CR Monitor Issue: 
2019/0614
Company covered: 
Segro plc
Period End: 
31 December, 2018
Report issued on 14 June 2019 covered the following practice issues:
Restatement
The segmental reporting structure has been revised.
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers from 1 January 2018.
Pronouncements
Disclosure of expected impact from adopting amendment to IFRS 3 Business combinations from 1 January 2020.
Change
The recognition of pension buy-out costs in the income statement.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.

Reckitt Benckiser Group Plc Monitor

Reckitt Benckiser Group Plc Annual Report 2018
CR Monitor Issue: 
2019/0611
Company covered: 
Reckitt Benckiser Group Plc
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated to reflect changes in the presentation of reportable segments.
Pronouncements
Adoption of IFRS 9 Financial instruments with effect from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Change
Disclosure for implementation of restructuring plan RB 2.0.
Change
Disclosure is provided on the recent High Court ruling on equal guaranteed minimum pensions.
Change
Inclusion of a new key audit matter in the auditor’s report.

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.

Spirent Communications Plc Monitor

Spirent Communications Plc Annual Report 2018
CR Monitor Issue: 
2019/0606
Company covered: 
Spirent Communications Plc
Period End: 
31 December, 2018
Report issued on 07 June 2019 covered the following practice issues:
Pronouncements
Adopted 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 expected future impact of the new accounting standard IFRS 16 Leases.
Change
Segment reporting for revenue now disaggregates by geographical location and by nature of products and services.
Change
The impact of equalising Guaranteed Minimum Pensions (GMP) results in recognition of a past service cost, which is classified under exceptional items.

Moneysupermarket.com Group plc Monitor

Moneysupermarket.com Group plc Annual Report 2018
CR Monitor Issue: 
2019/0603
Company covered: 
Moneysupermarket.com Group plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated to reflect changes in the presentation of reportable segments.
Pronouncements
IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers have been adopted from 1 January 2018.
Pronouncements
Extended disclosure for the expected future impacts of IFRS 16 Leases.
Change
Auditor’s report includes a new key audit matter and an additional statement on the going concern assumption.
Change
A detailed discussion is presented for a business acquired during the year.
Change
Discussion on reallocation of goodwill to the cash-generating units and on additional goodwill recognised after acquisition.

Essentra plc Monitor

Essentra plc Annual Report 2018
CR Monitor Issue: 
2019/0602
Company covered: 
Essentra plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Restatement
The segmental information is altered to reflect a change in organisational structure including restatement of the comparative year presentation.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
IFRS 9 Financial Instruments adoption from 1 January 2018 results in an adjustment within equity.
Pronouncements
The expected future impact of adopting IFRS 16 Leases is quantified.
Change
The impact of equalising Guaranteed Minimum Pensions for men and women is recognised as an exceptional item.
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.