1750 Industrial Metals & Mining

Ferrexpo plc Monitor

Ferrexpo plc Annual Report 2017
CR Monitor Issue: 
2018/1108
Company covered: 
Ferrexpo plc
Period End: 
31 December, 2017
Report issued on 13 November 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", IFRS 16 "Leases" and IFRIC 23 “Uncertainty over income tax treatments”.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure in respect of alternative performance measures.
Change
Recognition of defined benefit past service cost and curtailment gains.

Voestalpine AG Monitor

Voestalpine AG Annual Report 2017-18
CR Monitor Issue: 
2018/0815
Company covered: 
Voestalpine AG
Period End: 
31 March, 2018
Report issued on 21 August 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities in line with IAS 17 "Statement of cash flows".
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure of impairment charge analysed by cash generating unit.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2017
CR Monitor Issue: 
2018/0418
Company covered: 
ArcelorMittal SA
Period End: 
31 December, 2017
Report issued on 22 April 2018 covered the following practice issues:
Restatement
Earnings per share restated following reserve stock split.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities
Pronouncements
Extended disclosure in respect of new accounting standards including IFRS 9, IFRS 15 and IFRS 16
Change
Audit report enhanced by disclosure of key audit matters.

Voestalpine AG Monitor

voestalpine AG Annual Report 2017
CR Monitor Issue: 
2017/1110
Company covered: 
voestalpine AG
Period End: 
31 March, 2017
Report issued on 28 November 2017 covered the following practice issues:
Pronouncements
Discussion of key audit matters introduced within the audit report.
Pronouncements
Extended disclosure on the expected future impacts of impending new financial instruments, revenue, and lease standards.
Change
Disclosure of transfer of own bonds from Level 2 to Level 1 of fair value valuation hierarchy.

ThyssenKrupp AG Monitor

ThyssenKrupp AG Annual Report 2016
CR Monitor Issue: 
2017/0507
Company covered: 
ThyssenKrupp AG
Period End: 
30 September, 2016
Report issued on 15 May 2017 covered the following practice issues:
Change
Recognition of impairments to property plant and equipment as a result of market conditions.
Change
Disclosure that changes in assumption would lead to impairment of "critical goodwill"
Change
Discussion of pension valuation assumptions highlights market volatility as the reason for a change in discount rate leading to recognition of a re-measurement loss.
Change
Disclosure of indirect financial targets enhanced and linked to sustainability.
New
Disclosure of compliance principles introduced to the strategic report.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2016
CR Monitor Issue: 
2017/0406
Company covered: 
ArcelorMittal SA
Period End: 
31 December, 2016
Report issued on 11 April 2017 covered the following practice issues:
Change
Reclassification of collections linked to sold receivables from ‘accrued expenses and other liabilities’ to ‘trade accounts payable and other’.
Restatement
Loss per share restated to adjust for the bonus element of a rights issue.

Ferrexpo plc Monitor

Ferrexpo plc Annual Report 2015
CR Monitor Issue: 
2017\0107
Company covered: 
Ferrexpo plc
Period End: 
31 December, 2015
Report issued on 17 January 2017 covered the following practice issues:
Change
Multi-column income statement format adopted highlighting "Special items".
Change
Restricted cash balance on the face of the balance sheet following write down and bank insolvency.
New
Profit recognised on disposal of available for sale investment previously written down to zero.
New
Separate tax reconciliation presented in respect of "Special items"
Change
Emphasis of matter paragraph in relation to going concern included in audit report.
Change
New section on 'Risk management' disclosures added.

ArcelorMittal SA Monitor

ArcelorMittal SA Annual Report 2015
CR Monitor Issue: 
2016/0303
Company covered: 
ArcelorMittal SA
Period End: 
31 December, 2015
Report issued on 18 March 2016 covered the following practice issues:
Pronouncements
Basic disclosure on impending leases Standard.
Change
Notes to financial statements classified.