Finland

Wartsila Corporation Monitor

Wartsila Corporation Annual Report 2018
CR Monitor Issue: 
2019/0505
Company covered: 
Wartsila Corporation
Report issued on 03 May 2019 covered the following practice issues:
Restatement
Segmental reporting information is restated following the transfer of activities between segments.
Restatement
Basic and diluted earnings per share figures are rested following a share issue and adoption of IFRS 15 Revenue from contracts with customers.
Pronouncements
IFRS 15 Revenue from contracts with customers is adopted resulting in a change in revenue recognition policy in respect of long-term service and maintenance agreements and oil and gas construction contracts.
Pronouncements
Extended disclosure is given on the expected future impacts of IFRS 16 Leases .
Change
Management judgement and use of estimate disclosures are extended to include additional information in respect of revenue recognition.
Change
A profit is recognised on the disposal of a business.

Metso Oyj Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0125
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
2757 Industrial Machinery
Auditor: 
Ernst & Young
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of an amendment to IFRS 2 "Share-based payment".
Pronouncements
Disclosure as to the expected future impacts of IFRS 16 "Leases".

UPM-Kymmene Corporation Monitor

UPM-kymmene Corporation Annual Report 2017
CR Monitor Issue: 
2018/0901
Company covered: 
UPM-kymmene Corporation
Period End: 
31 December, 2017
Report issued on 03 September 2018 covered the following practice issues:
Pronouncements
Extended disclosure on the expected impact of new accounting standards including IFRS 15 “Revenues from Contracts with Customers”, IFRS 9 “Financial Instruments” and amendment to IFRS 2 “Share-based payments”.
Change
Deferred tax changes recognised following changes to US tax legislation.

Nokia Corporation Monitor

Nokia Corporation Annual Report 2017
CR Monitor Issue: 
2018/0522
Company covered: 
Nokia Corporation
Period End: 
31 December, 2017
Report issued on 29 May 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new standards issued but not yet adopted IFRS 9 and IFRS 15.
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities.
Restatement
Change in segment reporting structure following split of former operating segment.
Restatement
Change in cost allocations in the income statement.

Fortum Oyj Monitor

Fortum Oyj Annual Report 2017
CR Monitor Issue: 
2018/0514
Company covered: 
Fortum Oyj
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards issued but not yet adopted including IFRS 15, IFRS 9 and IFRS 16.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7.
Change
Enhanced disclosure in respect of future minimum lease payments.
Change
Extended disclosure in respect of capital commitments.
Restatement
Change in the segment reporting structure.

Metso Oyj

Metso Annual Report 2017
CR Monitor Issue: 
2018/0503
Company covered: 
Metso Oyj
Period End: 
31 December, 2017
Report issued on 01 May 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in net interest bearing liabilities.
Pronouncements
Extended disclosure in respect of new accounting standards including IFRS 9 and IFRS 15.
Change
Disclosure of revenue contribution of acquired entity.
Restatement
Restatement of segment entity wide disclosures.

Wärtsilä Corporation Monitor

Wärtsilä Corporation Annual Report 2017
CR Monitor Issue: 
2018/0417
Company covered: 
Wärtsilä Corporation
Period End: 
31 December, 2017
Report issued on 23 April 2018 covered the following practice issues:
Restatement
Restatement of comparative cash flow statement without explanation.
Pronouncements
Early adoption of IFRS 9 “Financial instruments”.
Pronouncements
Extended disclosure in respect of IFRS 15 “Financial instruments”.
Change
Business combination goodwill attributed to acquired know-how and expertise.
Change
Disclosure of post balance sheet business combination.

Stora Enso Oyj Monitor

Company Name Annual Report Year
CR Monitor Issue: 
2018/0414
Company covered: 
Stora Enso Oyj
Period End: 
31 December, 2017
Report issued on 16 April 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards.
Change
Change in definition of operational EBITDA.
Change
Disclosure of post balance sheet events in respect of obligations and a business disposal.
Change
Enhancement of risk disclosures including the addition of a risk heat map.

KONE Corporation Monitor

KONE Corporation Annual Report 2017
CR Monitor Issue: 
2018/0308
Company covered: 
KONE Corporation
Period End: 
31 December, 2017
Report issued on 13 March 2018 covered the following practice issues:
Pronouncements
Quantified disclosure as to the future impact of IFRS 15.
Change
Alternative performance measure note added including disclosure of adjusted EBIT

UPM-Kymmene Corporation Monitor

UPM-Kymmene Corporation Annual Report 2016
CR Monitor Issue: 
2017/0706
Company covered: 
UPM-Kymmene Corporation
Period End: 
31 December, 2016
Report issued on 11 July 2017 covered the following practice issues:
Change
Underlying reasons for recognition of impairments disclosed.
Change
Change in presentation of cash flow statement to add separate line items for net cash flows from investment hedges and net cash flows from derivatives.
Pronouncements
Auditors report enhanced by inclusion of discussion of key audit matters in line with new auditing standard.
Pronouncements
Introduction of a discussion on new accounting standards in relation to revenue, financial instruments and leases.
New
Additional discussion on Alternative performance measures included.