Berkeley

The Berkeley Group Holdings plc Monitor

Berkeley Group Holdings plc Annual Report 2017
CR Monitor Issue: 
2017/1207
Company covered: 
Berkeley Group Holdings plc
Period End: 
30 April,2017
Report issued on 19 December 2017 covered the following practice issues:
Change
Enhanced disclosure highlights alternative revenue recognition policy to its peers.
Change
New non-financial key performance indicators identified in relation to Apprentices & training and Green house emissions intensity.
Change
Redemption of ordinary shares results in reduction to retained earnings.

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.

The Berkeley Group Holdings plc Monitor

The Berkeley Group Holdings plc Annual Report 2015
CR Monitor Issue: 
2016/0308
Company covered: 
The Berkeley Group Holdings plc
Period End: 
30 April, 2015
Report issued on 29 March 2016 covered the following practice issues:
Restatement
Cash flow from sale of investment properties reclassified to operating activities from investing activities.
Change
Change in settlement basis for share-based incentive to cash-settled increases income statement charge.
Change
Auditor identifies share-based payment and compliance with laws and regulations as an area of audit focus.

The Berkeley Group Holdings plc Period End 30 April 2009

The Berkeley Group Holdings plc Annual Report 2009

Long-term incentive plan modified but impact on the financial statements not disclosed
UK residential property developer Berkeley modifies a long-term incentive plan twice but does not indicate whether there is any current or future impact on its financial statements.

The Berkeley Group Holdings plc Period End 30 April 2008

Berkeley Group Holdings Annual Report 2008

Inventory presented gross of related receipts
UK residential developer Berkeley changes the presentation of its inventory to one gross of deposits and receipts on accounts, which amounted to £71.4 million or 6.7% of opening inventory.

The Berkeley Group Holdings plc Period End 30 April 2007

The Berkeley Group Holdings Annual Report 2007

Pension surplus considered to be irrecoverable 
UK housebuilder, Berkeley Holdings does not recognise a £142,000 pension surplus.

The Berkeley Group Holdings plc Period End 30 April 2006

Merger accounting applied to group reconstruction
UK housebuilder Berkeley applies merger accounting to a group reconstruction in the previous year.


Revenue deferral reduces opening net assets by £35.3 million
UK housebuilder Berkeley changes its revenue recognition policy for multi-unit developments with deferral of revenue resulting in a 5% reduction in opening net assets.