Ashmore

Ashmore plc Monitor

Ashmore plc Annual Report Year 2018
CR Monitor Issue: 
2018/1214
Company covered: 
Ashmore plc
Period End: 
30 June, 2018
Report issued on 18 December 2018 covered the following practice issues:
Change
Disclosure of new key audit matter included.
Pronouncements
Disclosure of the impact of new standards issued or amended but not yet adopted including IFRS 15 “Revenue from Contracts with Customers”, IFRS 9 “Financial Instruments” and IFRS 16 “Leases”.
Change
Disclosure of post balance sheet acquisition.
Change
Disclosure on rebates on management fees and performance fees as an area of critical accounting judgement and estimate.
New
Disclosure of valuation techniques used for calculating the fair value of Level 3 investments.

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Ashmore Group plc Monitor

Ashmore Group plc Annual Report 2014
CR Monitor Issue: 
2014/1201
Company covered: 
Ashmore Group plc
Period End: 
30 June 2014
Report issued on 03 December 2014 covered the following practice issues:
Change
Some seed investments moved prospectively from available for sale to fair value through profit and loss basis.
Pronouncements
New rules on control set to extend scope of consolidation for funds where company acts as principal.
Pronouncements
Strategic report introduced in management commentary.

Auditors' Reports

This report focuses on the contents and structure of auditors’ reports prepared under International Standard on Auditing (UK and Ireland) 700 (Revised June 2013). It considers the format in which auditors present their opinion on the financial statements and information contained elsewhere within the annual report.

Ashmore Group plc Monitor

Ashmore Group plc Annual Report 2013
CR Monitor Issue: 
2013/1108
Company covered: 
Ashmore Group plc
Period End: 
30 June 2013
Report issued on 12 November 2013 covered the following practice issues:
Change
Reclassifications of net cash inflows decrease net cash used in financing activities by 23.2%.
Divergence
Reclassification of cash flows from dividends received highlights prior year non-compliance with guidance.
Pronouncements
Auditors' report includes assessment of risks of material misstatement and overview of audit scope.
Pronouncements
Changes in presentation of directors' remuneration report.
Change
Reimbursement disclosed relating to investment business winding down.

Ashmore Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2012/1111
Period End: 
31 December 2011
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
8771 Asset Managers
Auditor: 
KPMG
Divergence
No disclosures on IFRS.
Change
Investment securities appear on balance sheet.
Change
Note on movements in contingent consideration.
Change
New disclosures on financial risks.

Ashmore Group plc Period End 30 June 2010

Ashmore Group plc Annual Report 2010
Share of associate’s net assets lower than carrying value but impairment not recognised
UK investment manager Ashmore shows its share of an associate’s net assets as £0.6 million compared to a carrying value of £2.3 million but does not consider that this difference constitutes an impairment.