2700 Industrial Goods & Services

Babcock International Group Monitor

Babcock International Group Annual Report 2018
CR Monitor Issue: 
2018/1013
Company covered: 
Babcock International Group
Period End: 
31 March, 2018
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made in segment reporting structure to enhance transparency.
Change
Discussion of key audit matters included in auditors report.
Change
Separate sections outlining director and auditor responsibilities included in audit report.

Experian plc Monitor

Experian plc Annual Report 2018
CR Monitor Issue: 
2018/1014
Company covered: 
Experian plc
Period End: 
31 March, 2018
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure of changes to segmental reporting disclosures.
Change
Discussion of key audit matters included in audit report.
Change
Reassessment of deferred tax linked to reduction in US tax rate.
Change
Introduction of related party disclosures in respect of associated undertaking.

Sandvik Monitor

Sandvik Annual Report 2017
CR Monitor Issue: 
2018/1015
Company covered: 
Sandvik
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Disclosure made in respect of the expected impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Presentation of a reconciliation of movements in liabilities arising from financing activities.
Change
Deferred tax impacted due to reduction in US corporate income tax rate.
Change
Additional disclosure in respect of sustainability risks.

Rentokil Initial plc Monitor

Rentokil Initial plc Annual Report 2017
CR Monitor Issue: 
2018/1002
Company covered: 
Rentokil Initial plc
Period End: 
31 December, 2017
Report issued on 01 October 2018 covered the following practice issues:
Change
Presentation of profit on disposal of businesses separately on the face of the income statement.
Pronouncements
Disclosure made in respect of the future impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made to segment reporting.
Pronouncements
Disclosure introduced in respect of ammendment to IAS 7 "Statement of cash flows".
Change
Changes made to the calculation of adjusted profit.
Change
Auditor and Director's responsibilities disclosed in separate sections in the audit report.

UK Commercial Property Trust Limited

UK commercial Property Annual Report 2017
CR Monitor Issue: 
2018/0916
Company covered: 
UK commercial Property
Period End: 
31 December, 2017
Report issued on 24 September 2018 covered the following practice issues:
New
Sustainability reporting section added to annual report.
Change
Separate sections included in audit report discussing responsibilities of directors and auditors.
Change
Disclosure of plan to adopt Real Estate Investment Trust status to mitigate announced tax changes.
Change
Risk disclosures extended to include disclosure of risks linked to the investment manager.

Ultra Electronics Holdings plc Monitor

Ultra Electronics Holdings plc Annual Report 2017
CR Monitor Issue: 
2018/0912
Company covered: 
Ultra Electronics Holdings plc
Period End: 
31 December, 2017
Report issued on 17 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Disclosure of reconciliation of liabilities arising from financing activities.
Pronouncements
Quantified disclosure in respect of the impacts of IFRS 15 "Revenues from contracts with customers".

Bunzl plc Monitor

Bunzl plc Annual Report 2017
CR Monitor Issue: 
2018/0907
Company covered: 
Bunzl plc
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
Change
Discussion on 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 new accounting standards issued but not yet applicable including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Presentation of a reconciliation of movements in net debts on adoption of amendment to IAS 7 "Statement of cash flows".
Change
Separate disclosure of assets and liabilities held for sale on the face of the statement of financial position.
Change
Extended disclosure in respect of financial instruments.

National Express Group plc monitor

National Express Annual Report 2017
CR Monitor Issue: 
2018/0909
Company covered: 
National Express Monitor
Period End: 
31 December, 2017
Report issued on 10 September 2018 covered the following practice issues:
Pronouncements
Tabular presentation added in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Presentational changes in the income statement and statement of cash flows.
Restatement
Prior year adjustments in respect of trade and other payables and property plant and equipment.
Change
Change in segmental reporting structure.
Change
Disclosure made in respect of impact of change in tax rates.
Change
Separate sections included in audit report in respect of director and auditor responsibilities.

Bodycote plc Monitor

Bodycote plc Annual Report 2017
CR Monitor Issue: 
2018/0821
Company covered: 
Bodycote plc
Period End: 
31 December, 2017
Report issued on 31 August 2018 covered the following practice issues:
Change
Expanded disclosure of principal risks in strategic report.
Change
Disclosure of key audit matters included in auditors' report including discussion of manual adjustments to revenue.
Change
Separate sections included in auditors' report outlining director and auditor responsibilities.
Change
Separate note to the accounts added detailing use of non-IFRS performance measures.

Serco Group plc Monitor

Serco Group plc Annual Report 2017
CR Monitor Issue: 
2018/0817
Company covered: 
Serco Group plc
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impact of new accounting standards including detailed quantification in respect of IFRS 15 "Revenues from contracts with customers".
Restatement
Restatement of income statement to reflect changes in cost classifications.
Change
Alteration of segmental disclosures following merger of segments.
Change
Detailed disclosure in respect of step business acquisition.
Change
Disclosure of cash flow impact of business disposals.
Change
Disclosure of post balance sheet non-adjusting events including acquisition of Carillion contracts.