Switzerland

Novartis Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0105
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
4577 Pharmaceuticals
Auditor: 
PricewaterhouseCoopers
Pronouncements
Adoption of IFRS 9 "Financial instruments"
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Change
Changes made in segmental reporting following completion of an internal reorganisation.

Swisscom Ltd Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2018/1211
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
6535 Fixed Line Telecommunications
Auditor: 
KPMG
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Disclosure of a description of the future impacts of adopting IFRS 16 "Leases".
Change
Disclosure of post balance sheet acquisition.

LafargeHolcim Ltd Interims report

Interim Financial Report
CR Interim Monitor Issue: 
2018/1209
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
2353 Building Materials & Fixtures
Auditor: 
Deloitte
Pronouncements
Adoption of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Disclosure of additional product line as part of segmental disclosures.
Change
Disclosure in respect of events after the reporting period.
Change
Two companies no longer classified as held for sale following change in strategy.

Glencore plc Monitor

Glencore plc Annual Report 2017
CR Monitor Issue: 
2018/1107
Company covered: 
Glencore plc
Period End: 
31 December, 2017
Report issued on 13 November 2018 covered the following practice issues:
Pronouncements
Disclosure added in respect of impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Presentation of a detailed reconciliation of movements in borrowings following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Disclosure added in respect of the sale of a business in accordance with IFRS 5 "Non-current assets held for sale and discontinued operations".
Change
Discussion of key audit matters included in audit report.
Change
Deferred tax balance impacted due to reduction in tax rates.
Change
Extended disclosure of principal risks including identification of Cyber Crime as a new risk factor.

Kuehne+Nagel International AG

Kuehne+Nagel Annual Report 2017
CR Monitor Issue: 
2018/1025
Company covered: 
Kuehne+Nagel
Period End: 
31 December, 2017
Report issued on 30 October 2018 covered the following practice issues:
Change
Detailed disclosure in respect of current year business combinations.
Pronouncements
Enhanced disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".

Julius Baer Group Ltd Monitor

Julius Baer Annual Report 2017
CR Monitor Issue: 
2018/0722
Company covered: 
Julius Baer Group
Period End: 
31 December, 2017
Report issued on 31 July 2017 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards issued but not yet effective including IFRS 9 "Financial instruments" and IFRIC 23 "Uncertainty over income tax treatments".
Change
Nature and estimated financial effect disclosed in respect of post balance sheet acquisition of subsidiary minority interest.
Change
Reclassification of issuance and repayment of financial liabilities designated at fair value from cash flow from financing activities to cash flow from operating activities.

Clariant Ltd Monitor

Clariant Ltd Annual Report 2017
CR Monitor Issue: 
2018/0708
Company covered: 
Clariant Ltd
Period End: 
31 December, 2017
Report issued on 10 July 2017 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new standards issued but not yet applicable including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Enhanced disclosure in respect of exchange rate policy.
Change
Reclassification of income taxes in the cash flow statement.
Change
Extended disclosure of key audit matters in the auditors' report.
Change
Reclassification of liabilities to a non-current classification to reflect maturity profile.
Change
Extended disclosure of revenue recognition policy.

LafargeHolcim Ltd Monitor

LafargeHolcim Ltd Annual Report Year
CR Monitor Issue: 
2018/0617
Company covered: 
LafargeHolcim Ltd
Period End: 
31 December, 2017
Report issued on 20 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in financing liabilities following adoption of amendment to IAS 7 "Statement of cashflows"
Change
Results of joint ventures reclassified within operating profit.
Change
Change in definition of highlighted measure of EBITDA.
Change
Auditors' report enhanced by inclusion of application of materiality and overview of audit scope sections.
Change
Introduction of a discussion on key risks in the strategic report.
Change
Summarised disclosure of proposed changes to the directors remuneration policy.

Nestle S.A. Monitor

Nestle S.A. Annual Report 2017
CR Monitor Issue: 
2018/0608
Company covered: 
Nestle S.A.
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Disclosure of discussion in respect of IFRIC 23 "Uncertainty over income tax treatments".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of an amendment to IAS 7 "Statement of cash flows".
Restatement
Change in segment reporting structure results in prior year restatement.
Change
Disclosure of information in respect business acquisition completed after the balance sheet date.
New
Insertion of a new tabular disclosure on trade and other payables by type.

Geberit AG Monitor

Geberit AG Annual Report 2017
CR Monitor Issue: 
2018/0606
Company covered: 
Geberit AG
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Early adoption of IFRS 9 "Financial instruments" leads to disclosure changes.
Pronouncements
Enhanced disclosure in respect of new standards and interpretations not yet applicable.
Pronouncements
Reconciliation of movements in liabilities arsing from financing activities presented following adoption of amendment to IAS 7 "Statement of cash flows"
Change
Change in amortisation treatment of trademarks following a change in brand strategy disclosed in post balance sheet events note
Change
Change in method of measuring currency risk.