Risk disclosures

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.

Howden Joinery Group plc Monitor

Howden Joinery Group plc Annual Report 2017
CR Monitor Issue: 
2018/0707
Company covered: 
Howden Joinery Group plc
Period End: 
30 December, 2017
Report issued on 09 July 2018 covered the following practice issues:
Change
Audit report enhanced by inclusion of diagram illustrating the application of materiality.
Change
Audit report includes separate sections discussing director and auditor responsibilities.
Change
Financial statements presented for a period of longer than a year.
Change
Identification of pension actuarial assumptions as an area of accounting estimate and judgement.
Change
Identification of new principal risk in respect of health and safety.
Change
Format of risk heat map presented as part of risk disclosures altered.

Svenska Handelsbanken AB

Svenska Handelsbanken Annual Report 2017
CR Monitor Issue: 
2018/0705
Company covered: 
Svenska Handelsbanken Annual Report 2017
Period End: 
Svenska Handelsbanken
Report issued on 03 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure added in respect of impact of IFRS 9 "Financial instruments".
Change
Separate disclosure added in respect of insurance business risk.

Beazley plc Monitor

Beazley plc Annual Report 2017
CR Monitor Issue: 
2018/0616
Company covered: 
Beazley plc
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of new standards: IFRS 17 "Insurance contracts"; IFRS 16 "Leases"; IFRS 9 "Financial instruments"; and IFRS 15 "Revenues from contracts with customers".
New
Recognition of intangible assets following a business combination.
Restatement
Restatement of segmental reporting structure.
Change
High yield bond funds included in analysis of unconsolidated structured entities.
Change
Auditors' report includes separate sections discussing director and auditor responsibilities.
Change
Extended disclosure of principal risks.

LafargeHolcim Ltd Monitor

LafargeHolcim Ltd Annual Report Year
CR Monitor Issue: 
2018/0617
Company covered: 
LafargeHolcim Ltd
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in financing liabilities following adoption of amendment to IAS 7 "Statement of cashflows"
Change
Results of joint ventures reclassified within operating profit.
Change
Change in definition of highlighted measure of EBITDA.
Change
Auditors' report enhanced by inclusion of application of materiality and overview of audit scope sections.
Change
Introduction of a discussion on key risks in the strategic report.
Change
Summarised disclosure of proposed changes to the directors remuneration policy.

UCB SA Monitor

UCB SA Annual Report 2017
CR Monitor Issue: 
2018/0611
Company covered: 
UCB SA
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenue from contracts with customers" using a full retrospective approach.
Pronouncements
Enhanced disclosure in respect of the future impacts of IFRS 16 "Leases".
Change
Fair value of previously held interest in business acquired taken into account in calculation of goodwill.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Discussion of key audit matters included in the auditors' report.
Change
Extended disclosure of principal risks including identification of a new risk factor.