2700 Industrial Goods & Services

Randstad N.V. Monitor

Randstad N.V. Annual Report 2018
CR Monitor Issue: 
2019/0416
Company covered: 
Randstad N.V.
Period End: 
31 December, 2018
Report issued on 23 April 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 “Financial instruments” and IFRS 15 “Revenue from contracts with customers” from 1 January 2018.
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 16 “Leases”.
Change
Additional disclosure in relation to the finalisation of purchase consideration for business combinations.
Change
Disposal of subsidiary and recognition of impairment on goodwill and other intangible assets.
Change
Disclosure in respect of tax transparency, tax strategy and dialogue with tax authorities, and additional disclosure in respect of provision for taxation.
Change
Discussion on a new key audit matter included within the auditor’s report.

Deutsche Post AG Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0417
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
2771 Delivery Services
Auditor: 
PricewaterhouseCoopers
Pronouncements
Adoption of IFRS 9 Financial Instruments from 1 January 2018, resulted in early recognition of loss allowance.
Pronouncements
Impact on revenue recognition after adoption of IFRS 15 Revenue from Contracts with Customers.
Pronouncements
Recognition of right-of-use assets and lease liabilities on adoption of IFRS 16 Leases.
Change
Discussion on acquisitions made in the current period.

Kuehne + Nagel

kuehne + Nagel Annual Report 2018
CR Monitor Issue: 
2019/0418
Company covered: 
Kuehne + Nagel
Period End: 
31 December, 2018
Report issued on 22 April 2019 covered the following practice issues:
Pronouncements
Impact of adoption of IFRS 9 “Financial instrument” and IFRS 15 “Revenue from contract with customer” discussed in detail.
Pronouncements
Extended discussion on the expected impact of IFRS 16 “Lease”.
Change
A statement on the offset of deferred tax assets and liabilities in the statement of financial position.
Change
Disclosure of a post balance sheet event, namely a share purchase transaction.
Change
Disclosure of a new share-based payment plan.

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.

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”.

OSRAM Licht AG Monitor

OSRAM Licht Annual Report 2019
CR Monitor Issue: 
2019/03016
Company covered: 
OSRAM Licht AG
Period End: 
30 September, 2018
Report issued on 26 March 2019 covered the following practice issues:
Change
Business acquired during the year consolidated by virtue of contractual rights.
Pronouncements
Additional disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers”, IFRS 16 “Leases” and IFRIC 23 ‘Uncertainty over income tax treatments’.
Change
Disclosure in respect of events after the reporting period.
Change
Disclosure of a proposed change in the segmental reporting structure.
Change
Detailed discussion of two new key audit matters added to the auditor’s report.
Change
Deferred tax changes recognised following changes to US tax legislation.

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.

Ashtead Group plc Monitor

Ashtead Group plc Annual Report 2018
CR Monitor Issue: 
2019/0215
Company covered: 
Ashtead Group plc
Period End: 
30 April, 2018
Report issued on 26 February 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments".
Restatement
Change in segmental reporting structure with restatement of comparative information.
Change
Deferred tax changes recognised following changes to US tax legislation.
Restatement
Change in allocation of goodwill to cash generating units.
Change
Extended disclosure in respect of contingent liabilities.
New
Disclosure of level of fair value hierarchy for each non-derivative financial asset or liability and key inputs employed in the valuation of Level 3 financial instruments.

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.