3767 Personal Products

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.

Beiersdorf AG Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2011/1101
Period End: 
30 June 2015
Listing Status: 
Europe 350
ICB Industry Classification: 
3767 Personal Products
Restatement
Inclusion of some distribution expenses under cost of goods sold reduces comparative gross profit by 7.6%, highlighting comparability issue.

PZ Cussons Plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0302
Period End: 
30 November 2014
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3767 Personal Products
Auditor: 
PricewaterhouseCoopers
Divergence
Loans to and share of net liabilities of joint ventures presented net, without further analysis.
Change
Interest paid reclassified from financing activities to operating activities.

Svenska Cellulosa Aktiebolaget SCA Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/1009
Period End: 
30 June 2014
Auditor: 
PricewaterhouseCoopers
Pronouncements
Consolidation Standard leads to full consolidation of some former joint ventures.
Pronouncements
Joint ventures accounted for by equity method.
Divergence
Accounting for joint operations described as "the proportional method".
Change
Purchase of 50% interest in subsidiary treated as equity transaction.

Beiersdorf Aktiengesellschaft Monitor

Beiersdorf Aktiengesellschaft Annual Report 2013
CR Monitor Issue: 
2014/0710
Company covered: 
Beiersdorf Aktiengesellschaft
Period End: 
31 December 2013
Report issued on 21 July 2014 covered the following practice issues:
Pronouncements
End of corridor method for pensions reduces comparative equity by 4.4%.
Pronouncements
Additional fair value disclosures for financial instruments.

PZ Cussons plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0508
Period End: 
30 November 2013
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
3767 Personal Products
Auditor: 
PricewaterhouseCoopers
Pronouncements
Fair value disclosures made for financial instruments.
Pronouncements
Prospective adoption of revised pension rules.
Restatement
Restatement of borrowings unexplained.
Change
Segregation of investment in joint venture and loan receivable from joint venture.