2797 Industrial Suppliers

Essentra plc Monitor

Essentra plc Annual Report 2018
CR Monitor Issue: 
2019/0602
Company covered: 
Essentra plc
Period End: 
31 December, 2018
Report issued on 01 June 2019 covered the following practice issues:
Restatement
The segmental information is altered to reflect a change in organisational structure including restatement of the comparative year presentation.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
IFRS 9 Financial Instruments adoption from 1 January 2018 results in an adjustment within equity.
Pronouncements
The expected future impact of adopting IFRS 16 Leases is quantified.
Change
The impact of equalising Guaranteed Minimum Pensions for men and women is recognised as an exceptional item.
Change
The strategic report includes extended principal risk information.

Grafton Group plc Monitor

Grafton Group plc Annual Report 2018
CR Monitor Issue: 
2019/0519
Company covered: 
Grafton Group plc
Period End: 
31 December, 2018
Report issued on 28 May 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial instruments from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from contracts with customers from 1 January 2018.
Pronouncements
Disclosure of the expected impacts of IFRS 16 Leases adoption.
Change
Disclosure of information in relation to a business disposal.
Change
Presentation of a reconciliation of movements in net debt showing changes in liabilities arising from financing activities.

Ferguson Plc Monitor

Ferguson Plc Annual Report 2018
CR Monitor Issue: 
2019/0404
Company covered: 
Ferguson Plc
Period End: 
31 July, 2018
Report issued on 2 April 2019 covered the following practice issues:
Restatement
Disclosure relating to a change in functional currency and presentational currency with restatement of comparative information.
Change
Detailed discussion of a new key audit matter added to the auditor’s report.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Disclosure of investments in associates in a separate note with impairment recognized during the year.
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 “Financial instruments” and IFRS 15 “Revenue from contracts with customers”.

Debenhams Plc Monitor

Debenhams Plc Annual Report 2018
CR Monitor Issue: 
2019/0301
Company covered: 
Debenhams Plc
Period End: 
1 September, 2018
Report issued on 5 March 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 “leases”.
Restatement
Restatement of comparatives in order to recognise stock-in-transit.
Change
Inclusion of discussion on going concern assumption and preparation of forecasts.
Change
Detailed discussion on the new key audit matter added in the auditor’s report.
Change
Additional disclosure regarding investment in associates.
Change
Recognition of significant impairment.

Diploma Plc Monitor

Diploma Plc Annual Report 2018
CR Monitor Issue: 
2019/0302
Company covered: 
Diploma Plc
Period End: 
30 September, 2018
Report issued on 5 March 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the 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.
Change
Disclosure related to payment of remuneration of two CEOs.

SIG plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0121
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
2797 Industrial Suppliers
Auditor: 
Ernst & Young
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Extended disclosure of the future expected impacts of IFRS 16 "Leases".
Restatement
Detailed disclosure in respect of prior year adjustments recognised to correct accounting errors.

SIG plc Monitor

SIG plc Annual Report 2017
CR Monitor Issue: 
2018/1017
Company covered: 
SIG plc
Period End: 
31 December, 2017
Report issued on 23 October 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", and IFRS 16 "Leases".
Restatement
Recognition of prior year adjustment to correct historical overstatement of profits.
Change
Reclassification of exchange difference to profit or loss linked to disposal of foreign operations.
Change
Extended disclosure of non-IFRS performance measures.

Electrocomponents plc Monitor

Electrocomponents plc Annual Report 2017
CR Monitor Issue: 
2018/0106
Company covered: 
Electrocomponents plc
Period End: 
31 March, 2017
Report issued on 9 January 2018 covered the following practice issues:
Change
Geographical breakdown of revenue and non-current assets included within segment information note.
Restatement
Income statement restated to reallocate costs from distribution & marketing expenses to costs of sales.
Pronouncements
Change in presentation in respect of cash pooling arrangements.
Pronouncements
Introduction of disclosure on Alternative Performance Measures.

SIG PLC Monitor

SIG PLC Annual Report 2016
CR Monitor Issue: 
2017/1203
Company covered: 
SIG PLC
Period End: 
31 December, 2016
Report issued on 05 December 2017 covered the following practice issues:
Change
Recognition of business disposal impairments.
Change
Recognition of goodwill impairments linked to market and macroeconomic uncertainty.
Change
Change in accounting policy in relation to cash pooling arrangements.
Pronouncements
Enhanced disclosure in respect of the future impacts of new accounting standards including IFRS 15 and IFRS 16.
Change
Added disclosure in respect of non-IFRS alternative performance measures.
Change
Loss recognised on closure of pension scheme to future accrual.

Wolseley plc Monitor

Wolseley plc Annual Report 2016
CR Monitor Issue: 
2017/0207
Company covered: 
Wolseley plc
Period End: 
31 July, 2016
Report issued on 21 February 2017 covered the following practice issues:
Change
Amounts payable in respect of taxes and social security included in financial instrument liquidity risk maturity analysis.
Change
Cash & cash equivalents and bank loans & overdrafts presented on net basis.
Change
"New competitors and technology" identified as a principal risk.
Change
Graphical presentations showing application of materiality and scope of audit are introduced.