1000 Basic Materials

Acacia Mining plc Monitor

Acacia Mining plc Annual Report 2018
CR Monitor Issue: 
2019/0601
Company covered: 
Acacia Mining plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments from 1 January 2018.
Pronouncements
Adoption of amendment to IFRS 2 Share-based Payment from 1 January 2018.
Pronouncements
The expected future impact of adopting IFRS 16 Leases is disclosed.
Change
Assets and liabilities held for sale are disclosed separately within the statement of financial position.
Change
The disclosure on contingencies is extended to disclose regulatory contingencies which arose in the current financial year.
Change
Disclosure of events after the balance sheet date.

Symrise AG Monitor

Symrise AG Annual Report 2018
CR Monitor Issue: 
2019/0511
Company covered: 
Symrise AG
Period End: 
31 December, 2018
Report issued on 17 May 2019 covered the following practice issues:
Pronouncements
IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers are adopted from 1 January 2018.
Pronouncements
The expected impact of adopting IFRS 16 Leases is disclosed.
Change
The auditors’ report discusses a new key audit matter identified in the current period.
Change
The impact of hyperinflationary conditions existing in two subsidiaries is disclosed.
Change
In the pension disclosures a reconciliation is presented to show the effect of the asset ceiling on plan assets.

Elementis plc Monitor

Elementis plc Annual Report 2018
CR Monitor Issue: 
2019/0425
Company covered: 
Elementis plc
Period End: 
31 December, 2018
Report issued on 29 April 2019 covered the following practice issues:
Restatement
A change in reporting segments results in the restatement of comparative period figures.
Restatement
Comparative Earnings per share (EPS) is restated following a shares rights issue.
Pronouncements
IFRS 9 Financial Instruments is adopted from 1 January 2018 on a retrospective basis.
Pronouncements
A new revenue recognition policy is implemented following the adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
The expected impact of adopting IFRS 16 Leases is disclosed.
Change
The disposal of a business previously classified as a discontinued operation is completed.

Victrex plc Monitor

Victrex plc Annual Report 2018
CR Monitor Issue: 
2019/0317
Company covered: 
Victrex plc
Period End: 
30 September, 2018
Report issued on 26 March 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure that a post balance sheet court ruling will impact pension obligations in the future.
Change
Disclosure of a new share-based payment plan.
Change
Interest and finance income & expenses presented on gross basis instead of net basis.

Glencore plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0319
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
Deloitte
Pronouncements
Adoption of amendment to IFRS 2 “Classification and measurement of share-based payment transactions”
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".

Ferrexpo plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2018/0307
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
1757 Iron & Steel
Auditor: 
Deloitte
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Change
Reclassification adjustment made in 'Net finance expense' note.
Change
Extended disclosure in respect of "Alternative Performance Measures".

Antofagasta plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0308
Period End: 
30 June 2018
Listing Status: 
FTSE 100, Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
PricewaterhouseCoopers
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Extended disclosure of the future expected impacts of IFRS 16 "Leases".
Restatement
Restatement of comparative figures due classification of an operation as disocntinued.

Lonmin plc Monitor

Lonmin plc Annual Report 2018
CR Monitor Issue: 
2019/0303
Company covered: 
Lonmin plc
Period End: 
30 September, 2018
Report issued on 05 March 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Calculation of goodwill linked to step acquisition takes into account fair value of previously held interests.
Change
Assets classified as held for sale disclosed separately on the face of balance sheet.
Change
Extended disclosure of accounting estimates and judgements includes a sensitivity analysis.

BASF Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0118
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
1353 Commodity Chemicals
Auditor: 
KPMG
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".

BHP Billiton Plc Monitor

BHP Billiton Plc Annual Report 2018
CR Monitor Issue: 
2019/0110
Company covered: 
BHP Billiton Plc
Period End: 
30 June, 2018
Report issued on 14 January 2019 covered the following practice issues:
Restatement
Restatement of comparative income statement following classification of businesses disposed as discontinued operations.
Change
Change in deferred tax recognised linked to reduction in US tax rate.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in segmental reporting structure with restatement of comparative information.