3767 Personal Products

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.

PZ Cussons Plc Monitor

PZ Cussons Plc Annual Report 2018
CR Monitor Issue: 
2019/0210
Company covered: 
PZ Cussons Plc
Period End: 
31 May, 2018
Report issued on 19 February 2019 covered the following practice issues:
Pronouncements
New disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Extended disclosure of critical accounting judgements and estimates in relation to a change in exchange rate used for translation.
Restatement
De-recognition of a retirement benefit surplus following a change in respect of whether a unconditional right to refund exists.
Change
Discussion of key audit matters included in the audit report.
Change
Adiitional disclosure in relation to provision for potential tax liability.
Change
Sensitivity analysis presented in respect of goodwill impairment tests.

The Unilever Group Monitor

The Unilever Group Annual Report 2017
CR Monitor Issue: 
2018/0511
Company covered: 
The Unilever Group
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Change
Change in measure of segment profit.
Change
Enhanced disclosure of assets held for sale.
Change
Detailed discussion added on climate change risk.
Change
Tabular presentation of contingent liabilities introduced.
Change
Amounts in respect of material business combination disclosed separately.
Pronouncements
Enhanced disclosure in respect of new standards including some quantification.

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2017
CR Monitor Issue: 
2018/0504
Company covered: 
Beiersdorf AG
Period End: 
31 December, 2017
Report issued on 01 May 2018 covered the following practice issues:
Pronouncements
Audit report includes disclosure of key audit matters.
Change
Tabular presentation added to risk disclosures.
Pronouncements
Extended disclosure in respect of new accounting standards including IFRS 9, IFRS 15 and IFRS 16

The Unilever Group Monitor

The Unilever Group Annual Report 2016
CR Monitor Issue: 
2017/0608
Company covered: 
The Unilever Group
Period End: 
31 December, 2016
Report issued on 20 June 2017 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of new standards issued but not yet applicable.
Change
Disclosure of “climate change” as a new area of principal risk.
Change
Identification of goodwill and indefinite-life intangibles allocated to new additional significant cash generating unit.
Change
Contingent consideration included in financial instrument fair value hierarchy at level 3.

Beiersdorf AG Monitor

Beiersdorf AG Annual Report 2016
CR Monitor Issue: 
2017/0501
Company covered: 
Beiersdorf AG
Period End: 
31 December, 2016
Report issued on 2 May 2017 covered the following practice issues:
Pronouncements
Discussion of future impacts of IFRS 16 "Leases" added to accounting policies note.
New
Disclosure of risks extended by inclusion of risk radar diagram and a discussion of risk rankings.
Change
Extended disclosure of contingent liabilities in respect of the legal risk of pending litigation.

PZ Cussons plc

PZ Cussons plc Annual Report 2015
CR Monitor Issue: 
2016/0202
Company covered: 
PZ Cussons plc
Period End: 
31 May, 2015
Report issued on 08 Feburary 2016 covered the following practice issues:
New
Acquisition of remaining stake in former joint venture treated as business combination.
Restatement
Cash outflow paid for additional stake in subsidiary classed under financing activities, highlighting prior period error.
Change
Accrued trade promotion expense included as an area of audit focus.