1353 Commodity Chemicals

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.

Yara International ASA Monitor

Yara International Annual Report 2016
CR Monitor Issue: 
2017/1109
Company covered: 
Yara International ASA
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Pronouncements
Extended disclosure on expected impacts of impending new revenue standard.
New
Introduction of disclosure in relation to critical judgements.
New
Introduction of tabular presentation explaining future potential reversals of impairment.
Change
Cash flows linked to divested assets disclosed separately in the cash flow statement.
Change
Inclusion of contingent consideration within financial instruments disclosures.
Pronouncements
Detail explanation of amendments to standards that are not yet effective.

Air Liquide Monitor

Air Liquide Annual Report 2016
CR Monitor Issue: 
2017/1005
Company covered: 
Air Liquide
Period End: 
31 December, 2016
Report issued on 10 October 2017 covered the following practice issues:
Divergence
Profit contribution of acquired business not disclosed.
New
Discontinued operations highlighted on the face of the income statement.
Change
Enhanced disclosure of non-executive director remuneration.
Change
Managing the environment and climate risks identified as new principal risk factor.

Bayer AG Monitor

Bayer AG Annual Report 2016
CR Monitor Issue: 
2017/0502
Company covered: 
Bayer AG
Period End: 
31 December, 2016
Report issued on 2 May 2017 covered the following practice issues:
Change
Change in reporting segments following the introduction of new organisational structure.
Change
Results of discontinued operations analysed by business.
Pronouncements
Introduction of discussion of key audit matters in the auditor’s report.

Yara International ASA Monitor

Yara International ASA Annual Report 2015
CR Monitor Issue: 
2016/1110
Company covered: 
Yara International ASA
Period End: 
31 December, 2015
Report issued on 21 November 2016 covered the following practice issues:
Change
Gain on business disposal recognised as other income.
Change
Reporting of segmental information on new and old basis following change in the reporting structure.
Change
Disclosure of transactions with the non-controlling interest holders.
Change
Recognition of loss from impairment of interest in a joint venture.
Pronouncements
Positive and negative impacts of impending lease standard reported.
Change
Disclosure of new strategic risk.

Synthomer plc Monitor

Synthomer plc Annual Report 2015
CR Monitor Issue: 
2016/0809
Company covered: 
Synthomer plc
Period End: 
31 December, 2015
Report issued on 29 August 2016 covered the following practice issues:
Change
Extended risk disclosures and presentation of viability statement looking forward for five years.
New
Presentation of key performance indicators in strategic report.
Pronouncements
Brief discussion of new leases standard.

Velocys plc Monitor

Velocys plc Annual Report 2014
CR Monitor Issue: 
2015/1104
Company covered: 
Velocys plc
Period End: 
31 December, 2014
Report issued on 17 November 2015 covered the following practice issues:
Divergence
Restructuring of multi-year contract leads to negative revenue.
Divergence
Divergence from corporate governance rules on audit committee expertise.
Change
Contingent consideration classed at Level 3 of fair value hierarchy.
Inconsistent
Changes in value of available for sale financial asset recognised in income statement.

Provisions & contingencies - Bayer AG

Period End: 
31 December, 2014
Period End Date: 
2014-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
1353 Commodity Chemicals
Auditor: 
PricewaterhouseCoopers

Provisions & contingencies - Bayer AG

Period End: 
31 December, 2014
Period End Date: 
2014-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
1353 Commodity Chemicals
Auditor: 
PricewaterhouseCoopers