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SES SA Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0415
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
9533 Computer Services
Pronouncements
IFRS 9 Financial Instruments adopted, from 1 January 2018, including detailed disclosure of impact.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers resulted in changes in accounting policies.
Pronouncements
Early adoption of IFRS 16 Leases resulting in recognition of lease liabilities and right of use assets.
Pronouncements
Expected future impact of an amendment issued under IAS 19 Employee Benefits.

SES SA Monitor

SES SA Annual Report 2017
CR Monitor Issue: 
2018/1019
Company covered: 
SES SA Annual Report 2017
Period End: 
31 December, 2017
Report issued on 23 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Discussion of key audit matters included in audit report.
Restatement
Recognition of prior year adjustment to correct accounting error.
Change
Change in segmental reporting
Change
Detailed disclosure of post balance sheet events.
Change
Change in deferred tax recognised linked to reduction in US tax rate.

Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

Regus plc Monitor

Regus plc Annual Report 2016
CR Monitor Issue: 
2017/0907
Company covered: 
Regus plc
Period End: 
31 December, 2016
Report issued on 19 September 2017 covered the following practice issues:
New
Change in the ultimate parent company following scheme of arrangement.
Change
Identification of "increased competition", "exposure to UK political developments" and "data protection and privacy" as new principal risks.
Change
Disclosure of alternative measure of basic and diluted earnings per share excluding non-recurring items.
Restatement
Restatement of segment geographic revenue analysis without explanation.

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.

Regus plc Monitor

Regus plc Annual Report 2015
CR Monitor Issue: 
2016/0401
Company covered: 
Regus plc
Period End: 
31 December, 2015
Report issued on 01 April 2016 covered the following practice issues:
Divergence
Non-recurring items presented net on the face of income statement.
Change
Impairment of property, plant and equipment identified as a key area of judgment.
Change
Audit committee discloses significant accounting issues considered.