Risk disclosures

Sandvik Monitor

Sandvik Annual Report 2017
CR Monitor Issue: 
2018/1015
Company covered: 
Sandvik
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Disclosure made in respect of the expected impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities.
Change
Deferred tax impacted due to reduction in US corporate income tax rate.
Change
Additional disclosure in respect of sustainability risks.

UK Commercial Property Trust Limited

UK commercial Property Annual Report 2017
CR Monitor Issue: 
2018/0916
Company covered: 
UK commercial Property
Period End: 
31 December, 2017
Report issued on 24 September 2018 covered the following practice issues:
New
Sustainability reporting section added to annual report.
Change
Separate sections included in audit report discussing responsibilities of directors and auditors.
Change
Disclosure of plan to adopt Real Estate Investment Trust status to mitigate announced tax changes.
Change
Risk disclosures extended to include disclosure of risks linked to the investment manager.

Dairy Crest Group plc Monitor

Dairy Crest Group plc Annual Report 2017-18
CR Monitor Issue: 
2018/0913
Company covered: 
Dairy Crest Group plc
Period End: 
31 March, 2018
Report issued on 17 September 2018 covered the following practice issues:
Change
Discussion on a new key audit matter included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Change
Change in inflation index assumption results in a reduction in pension obligations.
Change
Introduction of a separate section discussing alternative performance measures.
Change
Extended disclosure of principal risks.

Cairn Energy plc Monitor

Cairn Energy plc Annual Report 2017
CR Monitor Issue: 
2018/0906
Company covered: 
Cairn Energy plc
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in income statement linked to commencement of production.
Change
Breakdown of production assets presented in a note to the accounts.
Change
Presentation of impairment sensitivity analysis.
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities.

Bodycote plc Monitor

Bodycote plc Annual Report 2017
CR Monitor Issue: 
2018/0821
Company covered: 
Bodycote plc
Period End: 
31 December, 2017
Report issued on 31 August 2018 covered the following practice issues:
Change
Expanded disclosure of principal risks in strategic report.
Change
Disclosure of key audit matters included in auditors' report including discussion of manual adjustments to revenue.
Change
Separate sections included in auditors' report outlining director and auditor responsibilities.
Change
Separate note to the accounts added detailing use of non-IFRS performance measures.

Fidessa Group plc

Fidessa Group plc Annual Report 2017
CR Monitor Issue: 
2018/0803
Company covered: 
Fidessa Group plc
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Pronouncements
Detailed disclosure added in respect of the future impact of IFRS 15 "Revenues from contracts with Customers".
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Change
Enhanced disclosure of principal risks.
Change
Change in deferred tax assets linked to reduction in US tax rate.
Restatement
Restatement of prior year cash flow statement.

Intertek Group Plc Monitor

Intertek Group Plc Annual Report 2017
CR Monitor Issue: 
2018/0725
Company covered: 
Intertek Group Plc
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Change
Extended risk disclosure including identification of new principal risk factor.
Change
Added disclosure outlining sustainability goals.
Change
Reduction in US tax rate leads to re-measurement of deferred tax liabilities.
Change
Sensitivity analysis introduced to acquisition note in respect of contingent consideration.

Yara International ASA Monitor

Yara International ASA Annual Report 2017
CR Monitor Issue: 
2018/0718
Company covered: 
Yara International ASA
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Pronouncements
Disclosure of impact of new standards namely IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Extended disclosure in respect of restructuring provision linked to decision to close industrial site.
Change
Extended disclosure in respect of contingent liabilities and contingent assets.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows"
Restatement
Restatement of gains and losses on financial instruments without explanation.
Restatement
Restatement of quantitative information linked to liquidity and currency risk disclosures.

Informa PLC Monitor

Informa PLC Annual Report 2017
CR Monitor Issue: 
2017/0711
Company covered: 
Informa PLC
Period End: 
31 December, 2017
Report issued on 17 July 2018 covered the following practice issues:
Restatement
Restatement of provisional business acquisition amounts following finalisation of fair values.
Change
Disclosure of new key audit matter in the audit report.
Change
Separate disclosure of directors and auditors responsibilities in the audit report.
Change
Extended risk disclosures including identification of new principal risk factor.
Pronouncements
Quantified information disclosed in relation to the future impact of IFRS 15 "Revenues from contracts with customers".

Hiscox Ltd Monitor

Hiscox Ltd Annual Report 2017
CR Monitor Issue: 
2018\0613
Company covered: 
Hiscox Ltd
Period End: 
31 December, 2017
Report issued on 17 July 2018 covered the following practice issues:
Pronouncements
Disclosure enhanced in relation to impact of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 17 "Insurance contracts".
Restatement
Restatement of cash flow amount from operating activities to investing activities.
Restatement
Restatement in presentation of investment results to exclude investment management fees.
Change
Extended disclosure of principal risk factors.
Change
Profit and cash flow information disclosed in respect of operations disposed.
Change
Disclosure of change in reporting currency.