1300 Chemicals

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.

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".

Akzo Nobel N.V. Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2018/1116
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
PricewaterhouseCoopers
Pronouncements
IFRS 15 "Revenue from contracts with customers" adopted resulting in restatement to equity at 1 January 2018.
Pronouncements
IFRS 9 "Financial instruments" adopted resulting in restatement to equity at 1 January 2018.
Pronouncements
Disclosure included in respect of the future expected impact of IFRS 16 "Leases".
Change
Assets and liabilities in respect of discontinued operation classified as held for sale disclosed separately on the face of the balance sheet.

Hochschild Mining plc Monitor

Hochschild Mining Annual Report 2017
CR Monitor Issue: 
2018/1103
Company covered: 
Hochschild Mining plc
Period End: 
31 December, 2017
Report issued on 06 November 2018 covered the following practice issues:
Pronouncements
Disclosure added in respect of impact of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Enhanced and extended disclosure of principal risks.
Change
Separate auditor and director responsibility sections included in audit report.

Elementis plc Monitor

Elementis plc Annual Report 2017
CR Monitor Issue: 
2018/0910
Company covered: 
Elementis plc
Period End: 
31 December, 2017
Report issued on 17 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included within audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Change
Detailed disclosure in respect of the valuation of intangible assets recognised as part of business combination.
Change
Profit from discontinued operations highlighted separately on the face of the income statement.
Change
Segmental reporting change linked to the agreed sale of operations.
Change
Change in calculation of adjusted operating profit to exclude amortisation of intangible assets arising on acquisition.

Johnson Matthey PLC Monitor

Johnson Matthey PLC Annual Report 2018
CR Monitor Issue: 
2018/0914
Company covered: 
Johnson Matthey PLC
Period End: 
31 March, 2018
Report issued on 17 September 2018 covered the following practice issues:
Change
Disclosure of two new share-based payment plans.
Pronouncements
Extended disclosure in relation to the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Discussion of key audit matters included in audit report.
Change
Inclusion of separate director and auditor responsibility sections in the audit report.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities.
Change
Disclosure in respect of US tax changes including reduction of corporate income tax rate from 35% to 21%.

Croda International Plc Monitor

Croda International Plc Annual Report 2017
CR Monitor Issue: 
2018/0908
Company covered: 
Croda International Plc
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
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
Detailed disclosure in respect of business combination during the year.
Change
Change in segmental disclosure following reclassification between segments.

Akzo Nobel N.V. Monitor

Akzo Nobel N.V. Annual Report 2017
CR Monitor Issue: 
2018/0820
Company covered: 
Akzo Nobel N.V.
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
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
Result from discontinued operation presented in separate line on the face of the income statement.
Change
Disclosure of post balance sheet restructuring

BASF SE Monitor

BASF SE Annual Report 2017
CR Monitor Issue: 
2018/0804
Company covered: 
BASF SE
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Pronouncements
Extended disclosures relating to the impacts of accounting standards, not yet effective including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Introduction of reconciliation showing movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Restatement of prior year segmental breakdown.

Yara International ASA Monitor

Yara International ASA Annual Report 2017
CR Monitor Issue: 
2018/0718
Company covered: 
Yara International ASA
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Pronouncements
Disclosure of impact of new standards namely IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Extended disclosure in respect of restructuring provision linked to decision to close industrial site.
Change
Extended disclosure in respect of contingent liabilities and contingent assets.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows"
Restatement
Restatement of gains and losses on financial instruments without explanation.
Restatement
Restatement of quantitative information linked to liquidity and currency risk disclosures.