3500 Food & Beverage

Dairy Crest Group plc Monitor

Dairy Crest Group plc Annual Report 2017
CR Monitor Issue: 
2018/0103
Company covered: 
Dairy Crest Group plc
Period End: 
31 March, 2017
Report issued on 2 January 2018 covered the following practice issues:
Change
Proposed changes to directors remuneration policy include introduction of a new long term incentive plan.
Change
Audit report enhanced by inclusion of tabular disclosure outlining changes to risks of material misstatement.
Pronouncements
Disclosure of impending impacts linked to future adoption of new revenue standard.
Change
Assets held for sale disclosed in a separate line on the face of the statement of financial position.

Pernod Ricard SA Monitor

Pernod Ricard plc Annual Report 2017
CR Monitor Issue: 
2017/1209
Company covered: 
Pernod Ricard SA
Period End: 
30 June, 2017
Report issued on 19 December 2017 covered the following practice issues:
Pronouncements
Audit report enhanced by inclusion of disclosure on key audit matters.
Pronouncements
Change in accounting policy results in bearer plants being accounted for as property plant and equipment rather than biological assets.
New
Introduction of tabular breakdown of fees paid to auditors.

Cranswick plc Monitor

Cranswick plc Annual Report 2017
CR Monitor Issue: 
2017/1205
Company covered: 
Cranswick plc
Period End: 
31 March, 2017
Report issued on 12 December 2017 covered the following practice issues:
Change
Results of business disposed disclosed in separate line on the face of the income statement as a discontinued operation.
Change
Detailed disclosure on "alternative performance measures" introduced within the financial statements.
Change
Disclosure of qualitative description of factors that make up business acquisition goodwill.
Change
Auditors identify acquisition accounting as an area of risk of material misstatement.

Diageo plc Monitor

Diageo plc Annual Report 2017
CR Monitor Issue: 
2017/1204
Company covered: 
Diageo plc
Period End: 
30 June, 2017
Report issued on 12 December 2017 covered the following practice issues:
Change
Prior year comparatives not restated following change to segment reporting.
Pronouncements
Enhanced disclosure explaining the future impacts of new financial instrument and revenue standards.
Change
Disclosure of proposed changes to directors remuneration including expanded shareholding requirement.

A.G. BARR p.l.c Monitor

A.G. BARR p.l.c Annual Report 2016
CR Monitor Issue: 
2017/1002
Company covered: 
A.G. BARR p.l.c
Period End: 
28 January, 2017
Report issued on 03 October 2017 covered the following practice issues:
Pronouncements
Disclosure of expected impact of adoption of IFRS 16 "Leases" including quantification.
Change
Pension "curtailment" gain recognised following closure of scheme to future accrual.
New
Exceptional items highlighted in a separate column on the face of the income statement.
Change
Changes to non-audit fees policy linked to FRC ethical standard

Heineken N.V. Monitor

Heineken N.V. Annual Report 2016
CR Monitor Issue: 
2017/0810
Company covered: 
Heineken N.V.
Period End: 
31 December, 2016
Report issued on 22 August 2017 covered the following practice issues:
Pronouncements
IFRIC interpretation leads to change in presentation in respect of cash pooling arrangements.
Change
Reconciliation of non IFRS segment profit measure to profit before tax added.
Change
Proposed change to the measure of performance applied to awards made to directors under a long-term variable award plan.
Change
Disclosure of key assumption applied when calculating fair value less cost of disposal linked to fixed asset impairment.
Restatement
Restatement of figures for "raw material purchase contracts" and "other off-balance sheet obligations".

Britvic plc Monitor

Britvic plc Annual Report 2016
CR Monitor Issue: 
2017/0803
Company covered: 
Britvic plc
Period End: 
02 October, 2016
Report issued on 1 August 2017 covered the following practice issues:
Change
Change in fair value of deferred consideration between acquisition date and the year end.
Change
Past service credit and curtailment gain recognised in relation to defined benefit pension scheme.
Change
Principal risk disclosures enhanced by linkage to strategic priorities
Change
Detailed description of audit tender process.
Pronouncements
Change in the non-audit service fees policy on account of new pronouncement.
Change
Assets under construction disclosed separately within property plant and equipment note.

Carlsberg ASA Monitor

Carlsberg ASA Name Annual Report Year
CR Monitor Issue: 
2017/0602
Company covered: 
Carlsberg ASA
Period End: 
31 December, 2016
Report issued on 6 June 2017 covered the following practice issues:
Restatement
Disclosure of changes in segment presentation and proposed changes in segmentation.
Change
Change in calculation of return on invested capital.
Pronouncements
Disclosure of expected impact of implementation of new revenue standard.
Pronouncements
Disclosure of impacts of new impending leasing standard introduced.
Pronouncements
Introduction of key audit matter in auditors’ report.

Diageo plc Monitor

Diageo plc Annual Report 2016
CR Monitor Issue: 
2016/0515
Company covered: 
Diageo plc
Period End: 
30 June, 2016
Report issued on 30 December 2016 covered the following practice issues:
Change
Risks of material misstatement now described as areas of audit focus.
Change
Tabular disclosure of principal risks extended to include new risk factors in respect of International tax and Data privacy.
Change
Presentation of reconciliation of accounting profit to tax expense enhanced through extra dis-aggregation.
Change
Tabular presentation of sensitivity of carrying value of CGU’s to changes in key assumptions.
Change
Change in accounting policy in respect of cash pooling balances in line with IFRIC guidance.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2016
CR Monitor Issue: 
2017/03008
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2016
Report issued on 21 March 2017 covered the following practice issues:
New
Control of previous joint venture achieved through stepped acquisition.
Restatement
Segment information restated to show joint ventures and associates on an equity accounting basis.
Change
Change in impairment valuation technique from value-in-use to fair value less cost of disposal for goodwill acquired last year.
Change
Table introduced showing cash flow impacts from individual exceptional items.
Change
Narrative description of key factors impacting the sustainability of its effective tax rate presented.
Change
Additional disclosures on accounting estimates and judgement relating to inventories and taxation presented.