Britvic

Britvic Plc Monitor

Britvic Plc Annual Report 2018
CR Monitor Issue: 
2019/0212
Company covered: 
Britvic Plc
Period End: 
1 October, 2018
Report issued on 26 February 2019 covered the following practice issues:
Pronouncements
Early adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Additional disclosure in respect of the future expected impact of new accounting standards including IFRS 9 "Financial instruments" and IFRS 16 "leases".
Change
Disclosure that a post balance sheet court ruling will impact pension obligations in the future.
Change
Recognition of an intangible asset impairment reversal and disclosure of the sensitivity of the reversal to changes in assumptions.

Alternative Performance Measures (APMs)

In this Common Practices report we look at what APMs are; how companies are using them; and what they mean for the users of accounts when comparing them to others. This report examines the APMs that are stated within recent company and group accounts for a sample of 20 companies. Our selected sample covers year ends from 30 June 2017 to 31 March 2018. All companies report under International Financial Reporting Standards (IFRS) as adopted in the EU. Throughout this report, we look at some of the recommendations put forward by the European Securities and Markets Agency (ESMA) in their guidelines setting out best practice on APMs in 2015, which became effective from 3 July 2016, as well as the observations made by the FRC, assessing whether and how companies have implemented them. 

Britvic plc Monitor

Britvic plc Annual Report 2017
CR Monitor Issue: 
2018/0509
Company covered: 
Britvic plc
Period End: 
1 October, 2017
Report issued on 08 May 2018 covered the following practice issues:
Pronouncements
Introduction of additional disclosure in relation to the expected impacts of IFRS 15 and IFRS 16 including quantification.
Change
Detailed breakdown of fair value of assets acquired and liabilities assumed following a business combination.
Change
Post balance sheet disclosure in respect of restructuring of manufacturing operations.
Change
Auditors' report includes discussion of director and auditor responsibilities.
Change
Identification of "sustainability and environment" as a principal risk area.
Change
Breakdown of pension assets includes new liability driven investments category.

Britvic plc Monitor

Britvic plc Annual Report 2016
CR Monitor Issue: 
2017/0803
Company covered: 
Britvic plc
Period End: 
02 October, 2016
Report issued on 1 August 2017 covered the following practice issues:
Change
Change in fair value of deferred consideration between acquisition date and the year end.
Change
Past service credit and curtailment gain recognised in relation to defined benefit pension scheme.
Change
Principal risk disclosures enhanced by linkage to strategic priorities
Change
Detailed description of audit tender process.
Pronouncements
Change in the non-audit service fees policy on account of new pronouncement.
Change
Assets under construction disclosed separately within property plant and equipment note.

Segment disclosures and the chief operating decision maker under IFRS

This report sets out our findings in respect of a review of the IFRS segment disclosures of 25 UK listed companies, drawn from a range of different industries, as covered by IFRS 8 “Operating segments”. We consider a number of points including disclosures in respect of the chief operating decision maker, the factors used to identify reportable segments and whether there has been aggregation of operating segments and income statement and statement of financial position information reported by segment.

Brexit Disclosures in Listed Company Annual reports

The referendum vote to leave the European Union (EU) has undoubtedly led to uncertainty for business and will potentially have far reaching impacts for companies from many different industries. This report, pulled together in March 2017, focuses on the information that companies have disclosed within their annual reports during the latter half of 2016. It sets out disclosures around risk as well as the disclosure of Brexit impacts which have already been felt and the resulting ramifications.

Retirement Benefits-Britvic plc

Period End: 
2 October, 2016
Period End Date: 
2016-10-02
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3537 Soft Drinks
Auditor: 
Ernst & Young

Britvic plc Monitor

Britvic plc Annual Report 2015
CR Monitor Issue: 
2016/0203
Company covered: 
Britvic plc
Period End: 
27 September, 2015
Report issued on 12 February 2016 covered the following practice issues:
New
Change in tax rate results in decrease in deferred tax provision.
New
Information disclosed about post balance sheet acquisition.

Britvic plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0910
Period End: 
14 April 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3537 Soft Drinks
Auditor: 
Ernst & Young
Pronouncements
Increased disclosure on fair values of financial instruments.
Change
Restructuring expenses for factory closures and planned changes to business model treated as exceptional item.

Britvic plc Monitor

 Britvic plc Annual Report 2013
CR Monitor Issue: 
2014/0302
Company covered: 
Britvic plc
Period End: 
29 September 2013
Report issued on 04 March 2014 covered the following practice issues:
Change
Costs from lapse of proposed business combination reduce pre-tax profit by 10.4%.
Divergence
Presentation of pension settlement gain spread across several notes.
Inconsistent
Provisions disclosed separately, but comparatives not restated on balance sheet.
Pronouncements
External auditors extend disclosures in audit report.