3530 Beverages

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.

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.

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.