2350 Construction & Materials

Travis Perkins plc Monitor

Travis Perkins plc Annual Report 2016
CR Monitor Issue: 
2017/0808
Company covered: 
Travis Perkins plc
Period End: 
31 December, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Disclosure of a new note on "revenue reconciliation and like-for-like sales".
Change
Identification of "UK decision to leave the European Union", "Legislation" and "Corporation tax" as new areas of principal risk.
Change
Disclosure of software “assets under construction” as a separate class of intangible asset.
Change
Introduction of graphical presentations to the audit report illustrating materiality and audit scope.
Restatement
Restatement of segment disclosure of capital expenditure without explanation.

Galliford Try plc Monitor

Galliford Try plc Annual Report 2016
CR Monitor Issue: 
2017/0606
Company covered: 
Galliford Try plc
Period End: 
30 June, 2016
Report issued on 13 June 2017 covered the following practice issues:
Restatement
Change in land inventory recognition policy.
Change
Disclosure of insurance buy-in transaction in respect of defined benefit pension scheme.
Change
Risk disclosures enhanced by inclusion of risk heat map.
Change
Disclosure of principal risks regarding "over-reliance", "business management systems" and "business continuity" introduced.
Change
Analysis of financial instrument book values against fair values restated.

Kier Group plc Monitor

Kier Group plc Annual Report 2016
CR Monitor Issue: 
2017/0114
Company covered: 
Kier Group plc
Period End: 
30 June, 2016
Report issued on 31 January 2017 covered the following practice issues:
Restatement
Restatement of comparative information due to finalisation of provisionally accounted business acquisition including the recognition of additional goodwill.
Change
Reallocation of acquired business between reportable segments
Change
Property market identified as a new principal risk area.

Keller Group plc Monitor

Keller Group plc Annual Report 2015
CR Monitor Issue: 
2016/0907
Company covered: 
Keller Group plc
Period End: 
31 December, 2015
Report issued on 20 September 2016 covered the following practice issues:
Change
Format of reconciliation showing relationship between tax expense and accounting profit altered.
Pronouncements
List of all subsidiaries and joint ventures disclosed.
New
Goodwill impairment reflected as an exceptional item.
Change
Percentage of salary that would be paid as a bonus payment identified at multiple performance levels.

Geberit AG Monitor

Geberit AG Annual Report 2015
CR Monitor Issue: 
2016/0810
Company covered: 
Geberit AG
Period End: 
31 December 2015
Report issued on 29 August 2016 covered the following practice issues:
New
Goodwill recognised on business combination attributed to costs reductions and new product opportunities.
Change
Trademarks identified as a separate class of intangible asset.
New
Analysis of operating lease payments presented.
Change
Segmental analysis of net sales after taking into account customer discounts.
New
Disclosure of a breakdown of property plant and equipment by geographic region introduced.

Balfour Beatty plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2016/0404
Period End: 
26 June 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2357 Heavy Construction
Auditor: 
Deloitte
Restatement
Losses from ongoing contracts restated as prior period error.
Change
Disposal of interest in a company leads to non-underlying gain.
Change
Reclassification of business from discontinued to non-underlying continuing operations, after part disposal.

Breedon Aggregates Limited Monitor

Breedon Aggregates Limited Annual Report 2014
CR Monitor Issue: 
2015/0507
Company covered: 
Breedon Aggregates Limited
Period End: 
31 December 2014
Report issued on 22 May 2015 covered the following practice issues:
Change
Recognition of investments in associate and joint venture using equity method on adoption of new rules.
Divergence
Loan to joint venture included in investment in joint venture on statement of financial position.

Galliford Try PLC Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0306
Period End: 
31 December 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2357 Heavy Construction
Auditor: 
PricewaterhouseCoopers
Change
Acquisition of business leads to recognition of exceptional items and increase in order book.
Change
Accountability for guarantees and contingent liabilities on acquisition disclosed.
Divergence
Loans to related parties restated, without explanation.

Kier Group plc Monitor

Kier Group plc Annual Report 2014
CR Monitor Issue: 
2015/0107
Company covered: 
Kier Group plc
Period End: 
30 June 2014
Report issued on 13 January 2015 covered the following practice issues:
Pronouncements
Review of revenue generating contracts started in light of impending new rules.
Change
Pro forma information given if business combination effected at start of year.
Change
Acquisition of former joint venture treated as deemed disposal and business combination.