3500 Food & Beverage

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.

Retirement Benefits-Britvic plc

Period End: 
2 October, 2016
Period End Date: 
2016-10-02
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3537 Soft Drinks
Auditor: 
Ernst & Young

Cranswick plc Monitor

Cranswick plc Annual Report 2016
CR Monitor Issue: 
2016/1109
Company covered: 
Cranswick plc
Period End: 
31 March, 2016
Report issued on 21 November 2016 covered the following practice issues:
New
Post balance sheet date acquisition disclosed.
New
Goodwill impairment calculated based on value in use of cash-generating unit.
Change
Enhanced auditors’ report presentation as a result of the inclusion of tables and graphs
New
Clarity of corporate governance disclosures enhanced through the use of graphs showing director length of tenure, expertise and sexual diversity balance.
Change
Presentation of strategic report is changed to include identification of strategic pillars.

Dairy Crest Group plc Monitor

Dairy Crest Group plc Annual Report 2016
CR Monitor Issue: 
2016/1010
Company covered: 
Dairy Crest Group plc
Period End: 
31 March, 2016
Report issued on 24 October 2016 covered the following practice issues:
Change
Significant business sold identified as a discontinued operation.
Change
Auditor discloses risk areas of material misstatement conclusions.
Change
New risk areas of material misstatement identified by auditors in relation to discontinued business disposed and related deferred tax.
New
Exceptional fair value gain recognised in respect of previously held interest in step acquisition.
New
Goodwill on acquisition of business explained.

Carlsberg ASA Monitor

Carlsberg Annual Report 2015
CR Monitor Issue: 
2016/0406
Company covered: 
Carlsberg
Period End: 
31 December, 2015
Report issued on 08 April 2016 covered the following practice issues:
Restatement
Goodwill increased retrospectively following decision not to sell acquired businesses.
Change
Impairment of assets results in loss for the period.