3500 Food & Beverage

Kerry Group Plc Monitor

Kerry Group Plc Annual Report 2017
CR Monitor Issue: 
2018/1022
Company covered: 
Kerry Group Plc
Period End: 
31 December, 2017
Report issued on 30 October 2018 covered the following practice issues:
Change
Change in deferred tax linked to reduction in US tax rate.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Change
Detailed disclosure in respect of business acquisitions made during the year.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.

Dairy Crest Group plc Monitor

Dairy Crest Group plc Annual Report 2017-18
CR Monitor Issue: 
2018/0913
Company covered: 
Dairy Crest Group plc
Period End: 
31 March, 2018
Report issued on 17 September 2018 covered the following practice issues:
Change
Discussion on a new key audit matter included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Change
Change in inflation index assumption results in a reduction in pension obligations.
Change
Introduction of a separate section discussing alternative performance measures.
Change
Extended disclosure of principal risks.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2017-18
CR Monitor Issue: 
2018/0903
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2018
Report issued on 3 September 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards: IFRS 9 "Financial instruments", IFRS 16 "Leases" and IFRIC 23 “Uncertainty over income tax treatments”.
Change
Change in reporting segments reflects economic characteristics and the management structure of the business.
Change
Change in allocation of goodwill to cash generating units for impairment test purposes.
Change
Recognition of exceptional tax credit linked to change in US tax laws.
Change
Disclosure of post balance sheet business acquisition agreement.

Nestle S.A. Monitor

Nestle S.A. Annual Report 2017
CR Monitor Issue: 
2018/0608
Company covered: 
Nestle S.A.
Period End: 
31 December, 2017
Report issued on 12 June 2018 covered the following practice issues:
Pronouncements
Disclosure of discussion in respect of IFRIC 23 "Uncertainty over income tax treatments".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities on adoption of an amendment to IAS 7 "Statement of cash flows".
Restatement
Change in segment reporting structure results in prior year restatement.
Change
Disclosure of information in respect business acquisition completed after the balance sheet date.
New
Insertion of a new tabular disclosure on trade and other payables by type.

Heineken N.V. Monitor

Heineken N.V. Annual Report 2017
CR Monitor Issue: 
2018/0519
Company covered: 
Heineken N.V.
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Pronouncements
Disclosure of impact of new standards issued but not yet adopted including quantification in respect of IFRS 15.
Change
Qualitative description of factors that make up business acquisition goodwill.
Change
Extended disclosure in respect of pension plan assets and obligations.
Change
Enhanced disclosure on fair value hedges includes maturity analysis.
Restatement
Change in segment measure of profit.
Change
Introduction of a reconciliation table showing movements in current interest bearing liabilities excluding bank overdrafts and commercial papers.

Britvic plc Monitor

Britvic plc Annual Report 2017
CR Monitor Issue: 
2018/0509
Company covered: 
Britvic plc
Period End: 
1 October, 2017
Report issued on 08 May 2018 covered the following practice issues:
Pronouncements
Introduction of additional disclosure in relation to the expected impacts of IFRS 15 and IFRS 16 including quantification.
Change
Detailed breakdown of fair value of assets acquired and liabilities assumed following a business combination.
Change
Post balance sheet disclosure in respect of restructuring of manufacturing operations.
Change
Auditors' report includes discussion of director and auditor responsibilities.
Change
Identification of "sustainability and environment" as a principal risk area.
Change
Breakdown of pension assets includes new liability driven investments category.

Carlsberg ASA Monitor

Company Name Annual Report Year
CR Monitor Issue: 
2018/0407
Company covered: 
Carlsberg ASA
Period End: 
31 December, 2017
Report issued on 10 April 2018 covered the following practice issues:
Restatement
Inter segment transfer results in restatement of comparatives.
Change
Change in the calculation of Return on invested capital.
Pronouncements
Extended disclosure on new standards issued but not yet adopted namely IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers".
Pronouncements
Additional cash flow disclosure of changes in liabilities arising from financing activities.
Restatement
Restatement of comparative statement of changes in equity without explanation.

Tate & Lyle PLC Monitor

Tate & Lyle PLC Annual Report 2017
CR Monitor Issue: 
2018/0305
Company covered: 
Tate & Lyle PLC
Period End: 
31 March, 2017
Report issued on 13 March 2018 covered the following practice issues:
Change
Exceptional impairment charge recognised in respect of business disposal.
Restatement
Finalisation of business combination asset values results in recognition of additional goodwill.
Change
Recognition of pension settlement gain.
Change
Deferred tax credit recognised in respect of tax losses.
Change
Goodwill impairment linked to lower growth expectations.
Pronouncements
Extended disclosure in respect of the future impacts of new accounting standards.

Associated British Foods plc Monitor

Associated British Foods plc Annual Report 2017
CR Monitor Issue: 
2018/0112
Company covered: 
Associated British Foods plc
Period End: 
16 September, 2017
Report issued on 23 January 2018 covered the following practice issues:
Change
Change in length of reporting period results in lack of comparability.
Change
Aggregate information disclosed in respect of business combinations.
Change
Disposal gain on sale of two businesses previously classified as held for sale separately highlighted on the face of the income statement.
Change
Tabular disclosure of principal risks includes new risk factor in respect of "Socio-political uncertainty".
Change
Key audit matters section included in the auditors' report.

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.