3000 Consumer Goods

Coca-Cola HBC AG Monitor

Coca-Cola HBC AG Annual Report 2018
CR Monitor Issue: 
2019/0615
Company covered: 
Coca-Cola HBC AG
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Pronouncements
Adopted IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments from 1 January 2018.
Pronouncements
Disclosures on expected impact of IFRS 16 extended with quantification provided.
Change
Disclosure of events after the balance sheet date.
Change
Modification of performance share plan in the current year.
Change
New sections in the auditors’ report added in respect of ‘capability of the audit in detecting irregularities, including fraud’ and for ‘going concern’.

Reckitt Benckiser Group Plc Monitor

Reckitt Benckiser Group Plc Annual Report 2018
CR Monitor Issue: 
2019/0611
Company covered: 
Reckitt Benckiser Group Plc
Period End: 
31 December, 2018
Report issued on 13 June 2019 covered the following practice issues:
Restatement
The segmental information has been restated to reflect changes in the presentation of reportable segments.
Pronouncements
Adoption of IFRS 9 Financial instruments with effect from 1 January 2018.
Pronouncements
Adoption of IFRS 15 Revenue from Contracts with Customers with effect from 1 January 2018.
Change
Disclosure for implementation of restructuring plan RB 2.0.
Change
Disclosure is provided on the recent High Court ruling on equal guaranteed minimum pensions.
Change
Inclusion of a new key audit matter in the auditor’s report.

Bakkavor Group plc Monitor

Bakkavor Group plc Annual Report 2018
CR Monitor Issue: 
2019/0609
Company covered: 
Bakkavor Group plc
Period End: 
31 December, 2018
Report issued on 10 June 2019 covered the following practice issues:
Pronouncements
Additional disclosure as to the expected future impacts of adopting IFRS 15 Revenue from Contracts with Customers, IFRS 9 Financial Instruments, and IFRS 16 Leases.
Change
The equalisation of Guaranteed Minimum Pensions for men and women results in the recognition of a past service cost.
Change
A new section is added to the audit report covering the detection of irregularities including fraud.
Change
A property, plant and equipment impairment charge is recognised.
Change
A loss on disposal is recognised on the sale of a subsidiary.
Change
A bargain purchase gain is recognised on the acquisition of a subsidiary.

Peugeot S.A. Monitor

Peugeot S.A. Annual Report 2018
CR Monitor Issue: 
2019/0515
Company covered: 
Peugeot S.A.
Period End: 
31 December, 2018
Report issued on 20 May 2019 covered the following practice issues:
Restatement
IAS 29 Financial Reporting in Hyperinflationary Economies is applied to operations in Argentina.
Pronouncements
IFRS 9 Financial instruments is adopted with effect from 1 January 2018 on a prospective basis.
Pronouncements
IFRS 15 Revenue from contracts with customers is adopted with effect from 1 January 2018 on a full retrospective basis.
Pronouncements
Disclosures are included in respect of the expected future impact of IFRS 16 Leases which will be adopted from 1 January 2019.
Change
A change in the estimated useful lives of property plant and equipment is recognised.
Change
Material impairments recognised are explained.

Unilever Group Monitor

Unilever Group Annual Report 2018
CR Monitor Issue: 
2019/0510
Company covered: 
Unilever Group
Period End: 
31 December, 2018
Report issued on 13 May 2019 covered the following practice issues:
Restatement
IAS 29 Financial Reporting in Hyperinflationary Economies is applied when accounting for Argentinian operations.
Pronouncements
Adoption of IFRS 9 Financial instruments, and IFRS 15 Revenue from contracts with customers.
Pronouncements
Extended disclosure is included in respect of the future expected impacts of IFRS 16 Leases including quantification.
Change
Recognition of an intangible asset impairment charge.
Change
The reporting segments are altered to reflect a change in management structure.

Electrolux AB Monitor

Electrolux AB Annual Report 2018
CR Monitor Issue: 
2019/0501
Company covered: 
Electrolux AB
Period End: 
31 December, 2018
Report issued on 02 May 2019 covered the following practice issues:
Pronouncements
Restatement of comparative amounts following adoption of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments.
Pronouncements
Extended disclosure on the expected impact of IFRS 16 Leases adoption.
Change
Disclosure of new key audit matters included in the Auditor’s Report.
Change
Discussion on contingent assets expected to be recognised in upcoming years.
Change
Additional information disclosed for associates presented in a tabular format.

Vonovia SE Monitor

Vonovia SE Annual Report 2018
CR Monitor Issue: 
2019/0424
Company covered: 
Vonovia SE
Period End: 
31 December, 2018
Report issued on 29 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
Disclosure in relation to a newly identified reportable segment
Change
Extended disclosures in respect of foreign currencies.
Change
Extended disclosures in respect of intangible assets.
Change
Disclosure of post balance sheet events.

Redrow Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0422
Period End: 
31 December 2019
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3728 Home Construction
Auditor: 
PricewaterhouseCoopers
Pronouncements
IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers are both adopted from 1st July 2018.
Change
Disclosure of material changes to principal risks and uncertainties.

Tate & Lyle Plc Interim Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0419
Period End: 
30 June 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3577 Food Products
Auditor: 
Ernst & Young
Restatement
The year-end balance sheet has been restated, predominantly as a result of changes introduced in reportable segment and on inclusion of net retirement benefit interest expense and the associated tax in its alternative performance measures.
Pronouncements
Adopted IFRS 9 Financial Instruments and IFRS 15 Revenue from contracts with customers from 1 April 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.

Koninklijke Philips NV Monitor

Koninklijke Philips NV Annual Report 2018
CR Monitor Issue: 
2019/0412
Company covered: 
Koninklijke Philips NV
Period End: 
31 December, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Recognition of a change in the segmental reporting structure including restatement of the prior year comparatives.
Pronouncements
Adopted IFRS 9 Financial Instruments (IFRS 9) and IFRS 15 Revenue from contracts with customers (IFRS 15) from 1st January 2018.
Pronouncements
Disclosures included in respect of the future impact of IFRS 16 Leases effective for accounting periods starting on or after 1 January 2019.
Change
Change in allocation of goodwill to cash generating units for impairment purpose.
Change
A quantified sensitivity analysis regarding accounting estimates and judgements in respect of the fair value of contingent consideration payable has been included in the Report this year.
Change
Disclosure in respect of post-balance sheet events has been included in the report.