1000 Basic Materials

Anglo American plc Monitor

Anglo American plc  Annual Report 2018
CR Monitor Issue: 
2019/0624
Company covered: 
Anglo American plc
Period End: 
31 December, 2018
Report issued on 28 June 2019 covered the following practice issues:
Restatement
Segmental information restated due to changes in the segmental structure.
Pronouncements
IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments adopted from 1 January 2018.
Pronouncements
Extended disclosures, including quantification of the expected impact of IFRS 16 Leases.
Change
Additional disclosures in the subsequent events note relating to the termination of a contract.
Change
New section in the auditors’ report on the ‘extent to which the audit was considered capable of detecting irregularities, including fraud’.
Change
Loss on curtailment recognised in the income statement due to a transfer of liabilities in a defined benefit pension plan.

Fresnillo plc Monitor

Fresnillo plc Annual Report 2018
CR Monitor Issue: 
2019/0620
Company covered: 
Fresnillo plc
Period End: 
31 December, 2018
Report issued on 20 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRIC 22 Foreign Currency Transactions and Advance Considerations from 1 January 2018.
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 16 Leases and IFRIC 23 Uncertainty over Income Tax Treatments.
Change
Disclosure of a new key audit matter in the audit report.

Croda International plc Monitor

Croda International plc Annual Report 2018
CR Monitor Issue: 
2019/0616
Company covered: 
Croda International plc
Period End: 
31 December, 2018
Report issued on 19 June 2019 covered the following practice issues:
Pronouncements
The adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers from 1 January 2018 has had minimal impact.
Pronouncements
Disclosure of expected impact of adopting IFRS 16 Leases from 1 January 2019.
Change
The impact of equalisation of Guaranteed Minimum Pensions (GMP) for both men and women is disclosed.
Change
Discussion on a new restricted share plan issued to employees.
Change
Additional disclosure within the auditor’s report is discussed.

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.