2737 Electronic Equipment

Siemens AG Monitor

Siemens AG Annual Report 2018
CR Monitor Issue: 
2019/0410
Company covered: 
Siemens AG
Period End: 
30 September, 2018
Report issued on 9 April 2019 covered the following practice issues:
Pronouncements
Extended disclosure as to the expected future impacts of adopting IFRS 9 Financial instruments and IFRS 16 "Leases".
Pronouncements
Early adoption of IFRS 15 Revenue from contracts with customers.
Change
October 2018 business acquisition disclosed as a post balance sheet event.
Change
Changes in deferred tax disclosure, including identification of the impact of the US Tax Cuts and Jobs Act, which cut the US income tax rate from 35% to 21%.
Change
Extension of risk disclosures including the identification of ‘Restructuring’ as a new material strategic risk factor.
Change
Presentation of a reconciliation showing movements in liabilities arising from financing activities.

Halma plc Monitor

Halma plc Annual Report 2018
CR Monitor Issue: 
2019/0124
Company covered: 
Halma plc
Period End: 
31 March, 2018
Report issued on 12 February 2019 covered the following practice issues:
Pronouncements
Disclosure in respect of the expected impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “Leases”.
Change
Deferred tax changes recognised following changes to US tax legislation.
Pronouncements
Presentation of a reconciliation of movements in liabilities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure in respect of contingent liabilities.

Renishaw plc Monitor

Renishaw plc Annual Report 2018
CR Monitor Issue: 
2018/1203
Company covered: 
Renishaw plc
Period End: 
30 June, 2018
Report issued on 04 December 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 15 "Revenue from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Change
Discussion of a new key audit matter included in audit report.
Restatement
Netting of deferred tax assets and deferred tax liabilities in the balance sheet.
Change
Reduction in corporate income tax rate results in reassessment of deferred tax balance.
Change
Recognition of goodwill impairment.
Restatement
Presentation of a maturity analysis of amounts receivable as a lessor and restatement of comparative amounts payable as a lessee.

Siemens AG Monitor

Siemens Aktiengesellschaft Annual Report 2017
CR Monitor Issue: 
2018/0213
Company covered: 
Siemens AG
Period End: 
30 September, 2017
Report issued on 27 February 2018 covered the following practice issues:
Pronouncements
Discussion of key audit matters included in auditors report.
Pronouncements
Disclosure of impacts of new standards issued but not yet applicable including IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers"
Change
Added disclosure in respect of a subsidiary with a material non-controlling interest.

Renishaw plc Monitor

Renishaw plc Annual report 2017
CR Monitor Issue: 
2018/0209
Company covered: 
Renishaw plc
Period End: 
30 June, 2017
Report issued on 20 February 2018 covered the following practice issues:
Restatement
Prior year restatement following discovery of accounting error in respect of hedge accounting.
Change
Results of discontinued operations highlighted in a separate line item on the face of the income statement.
Change
Auditors report enhanced by inclusion of overview of audit approach section and audit scope diagrams.
Change
Alternative performance measures note added to the financial statements.

Halma plc Monitor

Halma plc Annual Report 2017
CR Monitor Issue: 
2018/0113
Company covered: 
Halma plc
Period End: 
1 April, 2017
Report issued on 30 January 2018 covered the following practice issues:
Restatement
Finalisation of provisional business combinations fair values results in restatement of prior year amounts in respect of one acquisition but adjustments are made in the current year in respect of another.
Change
Detailed description of the factors behind current year acquisition goodwill.
Pronouncements
Disclosure of expected impacts of new standards including IFRS 15, IFRS 9 and IFRS 16.
Change
Non-GAAP disclosures enhanced to include segment organic growth figures at constant currency rates.

Siemens AG Monitor

Siemens Aktiengesellschaft Annual Report 2016
CR Monitor Issue: 
2017/0301
Company covered: 
Siemens AG
Period End: 
30 September, 2016
Report issued on 7 March 2017 covered the following practice issues:
Pronouncements
Qualitative disclosures in respect of the impact of new revenue standard extended.
Pronouncements
Disclosure of impacts of new impending leasing standard introduced
Change
Narrative disclosure of strategic risks extended to include new risk factors in respect of "continuous low oil/commodity prices" and "footprint".
Restatement
Segment information restated without any explanation.

Renishaw plc Monitor

Renishaw plc Annual Report 2016
CR Monitor Issue: 
2017/0210
Company covered: 
Renishaw plc
Period End: 
30 June, 2016
Report issued on 28 February 2017 covered the following practice issues:
Change
Disclosure of new funding arrangement entered into in relation to defined benefit pension deficit.
New
Risk disclosures enhanced by introduction of "risk management framework" and graph showing impact and likelihood of risk.
Divergence
Erroneous inclusion of an overdraft in previous year comparative financial liabilities liquidity risk maturity analysis.
Pronouncements
Impacts discussed of new revenue, financial instruments and leasing Standards.

Renishaw plc Monitor

Renishaw plc Annual Report 2015
CR Monitor Issue: 
2015/1202
Company covered: 
Renishaw plc
Period End: 
30 June, 2015
Report issued on 31 December 2015 covered the following practice issues:
Change
Principal risks and uncertainties correlated to strategic priorities.
New
Table shows business metrics within the scope of audit work as percentages.