2791 Business Support Services

Intertek Group Plc Monitor

Intertek Group Plc Annual Report 2017
CR Monitor Issue: 
2018/0725
Company covered: 
Intertek Group Plc
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Change
Extended risk disclosure including identification of new principal risk factor.
Change
Added disclosure outlining sustainability goals.
Change
Reduction in US tax rate leads to re-measurement of deferred tax liabilities.
Change
Sensitivity analysis introduced to acquisition note in respect of contingent consideration.

Aggreko plc Monitor

Company Name Annual Report Year
CR Monitor Issue: 
2018/0605
Company covered: 
Aggreko plc
Period End: 
31 December, 2017
Report issued on 05 June 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in relation to new standards not yet effective, IFRS 15, IFRS 9, and IFRS 16.
Change
Disclosure of business acquisition in post balance sheet events note.

SGS SA Monitor

SGS SA Annual Report 2017
CR Monitor Issue: 
2018/0404
Company covered: 
SGS SA
Period End: 
31 December,2017
Report issued on 4 April 2018 covered the following practice issues:
Pronouncements
Disclosure of future impacts of new standards including quantification in respect of IFRS 9 "Financial instruments".
Change
Extended risk disclosures
New
Tabular disclosure in respect of sustainable development.

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2017
CR Monitor Issue: 
2017/1202
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2017
Report issued on 05 December 2017 covered the following practice issues:
Change
Repurchase and cancellation of own shares reflected in statement of changes in equity.
Change
Audit report enhanced by inclusion of a summary of the audit approach and tabular presentation in respect of materiality.
Change
Auditors identify a new key audit risk in respect of acquisition accounting.

Experian plc Monitor

Experian plc Annual Report 2017
CR Monitor Issue: 
2017/1011
Company covered: 
Experian plc
Period End: 
31 March, 2017
Report issued on 31 October 2017 covered the following practice issues:
Change
Results of discontinued operations reflected separately on the face of the income statement.
Change
Goodwill arising on business acquisition attributed to the assembled workforce and future growth potential.
Change
Graphical representations introduced to audit report to explain the application of materiality and audit scope.
New
Reconciliation of changes in segment revenue showing the impact of organic revenue growth introduced.

Intertek Group Plc Monitor

Intertek Group Plc Annual Report 2016
CR Monitor Issue: 
2017/1008
Company covered: 
Intertek Group Plc
Period End: 
31 December, 2016
Report issued on 17 October 2017 covered the following practice issues:
Pronouncements
Cash pooling arrangement balances presented gross following IFRIC Agenda decision.
Restatement
Segment reporting restated following a change in basis of monitoring performance.
Restatement
Restatement of deferred share awards under long-term incentive plan in order to correct error.
Change
Auditors identify “presentation and valuation of acquisitions” as a new area of audit focus.
Change
Disclosure of new principal risk factors in respect of “customer service” and “Facilities”.
New
Introduction of tabular analysis of net debt.

Babcock International Group Monitor

Babcock International Group Annual Report 2017
CR Monitor Issue: 
2017/1006
Company covered: 
Babcock International Group
Period End: 
31 March, 2017
Report issued on 10 October 2017 covered the following practice issues:
Change
Cash outflow on acquisition of non-controlling interest reflected within financing section of the cash flow statement
Change
Goodwill on business acquisition attributed to market position and the value of the workforce.
Pronouncements
Extended disclosure on the future impacts of IFRS 15 and IFRS 16.
Change
Impairment review leads to goodwill write-down.

Regus plc Monitor

Regus plc Annual Report 2016
CR Monitor Issue: 
2017/0907
Company covered: 
Regus plc
Period End: 
31 December, 2016
Report issued on 19 September 2017 covered the following practice issues:
New
Change in the ultimate parent company following scheme of arrangement.
Change
Identification of "increased competition", "exposure to UK political developments" and "data protection and privacy" as new principal risks.
Change
Disclosure of alternative measure of basic and diluted earnings per share excluding non-recurring items.
Restatement
Restatement of segment geographic revenue analysis without explanation.

Aggreko Plc Monitor

Aggreko Plc Annual Report 2016
CR Monitor Issue: 
2017/0909
Company covered: 
Aggreko Plc
Period End: 
31 December, 2016
Report issued on 19 September 2017 covered the following practice issues:
Restatement
Change in contract organisational management structure leads to restatement of segment disclosures.
Change
Segment disclosures expanded to include geographic breakdown of revenue and non-current assets.
Change
Change in depreciation life of tangible fixed asset accounted for prospectively.
Pronouncements
Expanded disclosure of future impending impacts of new standard IFRS 15 "Revenue from contracts with customers" without quantification.
Change
Auditors discussion of audit scope enhanced by inclusion of pie charts.
Change
Sensitivity analysis included in discussion of area of significant judgement and estimate in relation to taxation.

Bunzl plc Monitor

Bunzl plc Annual Report 2016
CR Monitor Issue: 
2017/0813
Company covered: 
Bunzl plc
Period End: 
31 December, 2016
Report issued on 28 August 2017 covered the following practice issues:
Pronouncements
Change in accounting policy in respect of cash pooling balances in line with IFRIC guidance.
Change
Software assets re-classified from property plant and equipment to intangible assets.
Pronouncements
Disclosure of future impacts of impending standards, IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases", with no quantification.
Change
Results from US arm of European based business reclassified from European to North American segment following change in management location.
New
Tabular disclosure added summarising business acquisitions completed during the year.