Ashtead

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2018
CR Monitor Issue: 
2019/0215
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2018
Report issued on 26 February 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments".
Restatement
Change in segmental reporting structure with restatement of comparative information.
Change
Deferred tax changes recognised following changes to US tax legislation.
Restatement
Change in allocation of goodwill to cash generating units.
Change
Extended disclosure in respect of contingent liabilities.
New
Disclosure of level of fair value hierarchy for each non-derivative financial asset or liability and key inputs employed in the valuation of Level 3 financial instruments.

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2017
CR Monitor Issue: 
2017/1202
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2017
Report issued on 05 December 2017 covered the following practice issues:
Change
Repurchase and cancellation of own shares reflected in statement of changes in equity.
Change
Audit report enhanced by inclusion of a summary of the audit approach and tabular presentation in respect of materiality.
Change
Auditors identify a new key audit risk in respect of acquisition accounting.

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.

Impending Changes: Disclosure of IFRS 15 Impacts

This report focuses on the disclosures given by companies in respect of the impending impacts of the new revenue standard IFRS 15 “Revenue from contracts with customers”. It considers the level of detail given by companies to determine the standard of qualitative information that companies disclose in relation to future changes in accounting policy and to what extent to date we have seen companies give quantitative information as to the impact the standard will have when it is adopted.

Ashtead Group plc Monitor

Ashtead Group Plc Annual Report 2016
CR Monitor Issue: 
2017/0101
Company covered: 
Ashtead Group Plc
Period End: 
30 April, 2016
Report issued on 3 January 2017 covered the following practice issues:
Change
Recognition of impairment loss in respect of customer lists.
Change
Impairment and amortisation of intangible assets identified as exceptional items.
Change
Disclosure of proposed revisions to directors’ remuneration policy.
Change
Developments in directors' remuneration charted against company performance.
Change
"Laws and regulations" identified as a new principal risk factor
Change
Viability statement added outlining operational viability for a period of three years.

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2015
CR Monitor Issue: 
2015/1006
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2015
Report issued on 26 October 2015 covered the following practice issues:
Change
Cash generating units split, as cash flows separately identified.
Pronouncements
No material impacts expected from impending revenue Standard.

Ashtead Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0406
Period End: 
31 October 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2791 Business Support Services
Auditor: 
Deloitte
Pronouncements
Adoption of revised pension rules reduces profit before tax by 0.6%.
Change
Information on business combinations disclosed in note to statement of cash flows.