1770 Mining

Antofagasta plc Monitor

Antofagasta plc Annual Report 2016
CR Monitor Issue: 
2017/1108
Company covered: 
Antofagasta plc
Period End: 
31 December, 2016
Report issued on 21 November 2017 covered the following practice issues:
Change
Exceptional items including impairments highlighted separately on the face of the income statement by way of a multi-column format.
Change
Results of subsidiary disposed disclosed separately as a discontinued operation.
Change
Disclosure of negative investment in joint venture.
Change
Presentation of deferred tax assets by reporting segment.
Change
Tabular disclosure of principal risks includes new risk factor in respect of "Corruption activities".
Pronouncements
Quantified disclosure of the expected impact of new leasing standard.

Glencore plc Monitor

Glencore plc Annual Report 2016
CR Monitor Issue: 
2017/1105
Company covered: 
Glencore plc
Period End: 
31 December, 2016
Report issued on 14 November 2017 covered the following practice issues:
Change
Disposed business reflected as discontinued operation.
Change
Reclassification from property plant and equipment deferred mining costs to non-current inventory.
Pronouncements
Summarised non-quantified disclosure of the expected future impacts of new standards including IFRS 9, IFRS 15 and IFRS 16.
Change
Cash flows linked to long-term advances and loans reclassified to operating activities from investing activities.
Restatement
Restatement of the comparative figures for Level 2 "cross currency swaps" and "foreign currency and interest rate contracts".

Lonmin plc Monitor

Lonmin Plc Annual Report 2016
CR Monitor Issue: 
2017/0306
Company covered: 
Lonmin Plc
Period End: 
30 September, 2016
Report issued on 14 March 2017 covered the following practice issues:
Change
Share capital structure reorganised through sub-division, rights issue and consolidation.
Change
Share bonus issue to maintain Black Economic Empowerment share proportion.
Restatement
Restatement of prior year’s loss per share following rights issue.
Change
Audit report enhanced by inclusion of overview and tabular presentation showing scope of audit work.

Vedanta Resources plc Monitor

Vedanta Resources plc Annual Report 2016
CR Monitor Issue: 
2016/1112
Company covered: 
Vedanta Resources plc
Period End: 
31 March, 2016
Report issued on 25 November 2016 covered the following practice issues:
Restatement
Restatement of financial assets-held for trading to re-categorise them from Level 1 to Level 2 of the fair valuation hierarchy.
New
Introduction of a policy statement for bills of exchange payable for the first time in spite of prior year relevance.
Change
Principal risk disclosures enhanced by inclusion of diagram showing the risk management framework.
Change
Reclassification of items between reportable segments following a change in business focus.

BHP Billiton Group. Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2016/0504
Period End: 
31 December 2015
Listing Status: 
FTSE 100, Europe 350
ICB Industry Classification: 
1775 General Mining
Auditor: 
KPMG
Restatement
Restatement to show results of de-merged business as discontinued operation.
New
Joint venture impairment reflected as exceptional item.
Change
Exceptional items analysed by reporting segment.

Anglo American plc Monitor

Anglo American plc Annual Report 2015
CR Monitor Issue: 
2016/0414
Company covered: 
Anglo American plc
Period End: 
31 December, 2015
Report issued on 22 April 2016 covered the following practice issues:
Change
Loss for year partly reduced by valuation adjustment based on own credit quality.
New
Associate converted to joint venture following change in agreement, with no change to equity accounting.
Pronouncements
Brief disclosure of impending leases Standard.
Pronouncements
Extended disclosure on impending Financial instruments Standard.

Lonmin plc Monitor

Lonmin plc Annual Report 2015
CR Monitor Issue: 
2016/0403
Company covered: 
Lonmin plc
Period End: 
30 September, 2015
Report issued on 01 April 2016 covered the following practice issues:
Change
Impairment of non-current assets and receivables contributes to loss for period.
Change
Uncertainty on going concern basis leads to emphasis of matter paragraph in audit report, though opinion not modified.
New
Introduction of viability statement looking ahead for three years.

Rio Tinto plc Monitor

Rio Tinto plc Annual Report 2015
CR Monitor Issue: 
2016/0402
Company covered: 
Rio Tinto plc
Period End: 
31 December, 2015
Report issued on 01 April 2016 covered the following practice issues:
Change
Share buy back through off-market tender and market purchase disclosed.
Change
Impairment leading to loss for year charged against undeveloped project.
Restatement
Segmental information restated following change in corporate functions.
Change
Related opportunities disclosed, as principal risks and uncertainties aligned with value drivers.
Pronouncements
Disclosure on related undertakings under UK Companies Act.

Vedanta Resources plc Monitor

Vedanta Resources Annual Report 2015
CR Monitor Issue: 
2016/0309
Company covered: 
Vedanta Resources
Period End: 
31 March, 2015
Report issued on 29 March 2016 covered the following practice issues:
Change
Impairment loss results in loss before tax for the year.
Change
Forward premium is now part of finance cost instead of other gains and losses.