5000 Consumer Services

Halfords Group Plc Interim Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0420
Period End: 
28 September 2018
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
5379 Specialty Retailers
Auditor: 
KPMG
Pronouncements
IFRS 15 Revenue from contracts with customers adopted from 31 March 2018.
Pronouncements
Disclosures included in respect of the future expected impacts of IFRS 16 Leases which is effective for accounting periods starting on or after 1 January 2019.
Change
Reconciliations of alternative performance measures to IFRS figures presented.
Change
Detailed disclosure of fair value measurements and the classification of financial instruments.

Sodexo SA Monitor

Sodexo SA Annual Report 2018
CR Monitor Issue: 
2019/0413
Company covered: 
Sodexo SA
Period End: 
31 August, 2018
Report issued on 16 April 2019 covered the following practice issues:
Restatement
Change in presentation of income statement due to new ‘underlying operating profit’ measure.
Pronouncements
Additional disclosure on the impact of new accounting standards including IFRS 9 Financial Instruments, IFRS 15 Revenue from contracts with customers and IFRS 16 Leases.
Change
Additional disclosures made in respect of a business acquired during the year.
Change
Additional disclosure on changes in shareholders ownership as required by the company’s by-laws.
Change
Consumer expectation is disclosed as a new risk in the risk management report.
Change
More details on the calculation of discount rates used in impairment testing have been provided.

Rank Group Monitor

Rank Group Annual Report 2018
CR Monitor Issue: 
2019/0409
Company covered: 
Rank Group
Period End: 
30 June, 2018
Report issued on 09 April 2019 covered the following practice issues:
Change
Detailed business combination disclosures in respect of a subsidiary acquired during the year.
Change
Disclosure of a new share-based payment plan.
Change
Auditors identify “compliance with laws and regulations” as a new key audit matter.

Euromoney Institutional Investor plc Monitor

Euromoney Institutional Investor plc Annual Report 2018
CR Monitor Issue: 
2019/0314
Company covered: 
Euromoney Institutional Investor plc
Period End: 
30 September, 2018
Report issued on 19 March 2019 covered the following practice issues:
Pronouncements
Additional 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
Detailed discussion on the new key audit matter added in the auditor’s report.
Restatement
Change in methodology for allocation of corporate cost along with restatement of comparative figures.
Change
Deferred tax changes recognised following changes to US tax legislation.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure in respect of contingent liabilities.

Compass Group PLC Monitor

Compass Group PLC Annual Report 2018
CR Monitor Issue: 
2019/0211
Company covered: 
Compass Group PLC
Period End: 
30 September, 2018
Report issued on 26 February 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Change in segmental reporting structure with restatement of comparative information.
Change
Disclosure of post balance sheet court judgement impacting future pension obligations.

WH Smiths Plc Monitor

WH Smiths Plc Annual Report 2018
CR Monitor Issue: 
2019/0206
Company covered: 
WH Smiths Plc
Period End: 
31 August, 2018
Report issued on 19 February 2019 covered the following practice issues:
Pronouncements
Additional disclosure in respect of the expected impact of new accounting standards including IFRS 9 “Financial instruments”, IFRS 15 “Revenue from contracts with customers” and IFRS 16 “leases”.
Change
Exceptional non-underlying items including restructuring costs highlighted on the face of the income statement.
Change
Non-underlying items identified as a new key audit matter.
Change
Disclosure in respect of business acquisition made during the year.
Change
Disclosure made in respect of post balance sheet share buyback

Marston's plc Monitor

Marston's plc Annual Report 2018
CR Monitor Issue: 
2019/0207
Company covered: 
Marston's plc
Period End: 
30 September, 2018
Report issued on 19 February 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Restatement
Change in segmental reporting structure with restatement of comparative information.
Change
Recognition of significant impairment.
Change
Reclassification of certain properties from Level 2 to Level 3 of fair value hierarchy.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Extended disclosure of principal risks including identification of Brexit as a new risk factor.

Kingfisher plc Monitor

Kingfisher plc Annual Report 2018
CR Monitor Issue: 
2019/0122
Company covered: 
Kingfisher plc
Period End: 
31 January, 2018
Report issued on 31 January 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected future impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Discussion of key audit matters in the audit report refined including concentration on the impairment testing of French operations.
Change
Detailed disclosure in respect of business acquisition made during the year.
Change
Disclosure of post balance sheet restructuring plan.
Change
Recognition of a tangible fixed asset impairment reversal.

Go-Ahead Group plc Monitor

Go-Ahead Group plc Annual Report 2018
CR Monitor Issue: 
2019/0116
Company covered: 
Go-Ahead Group plc
Period End: 
30 June, 2018
Report issued on 29 January 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impact of IFRS 9 "Financial instruments".
Change
Extended disclosure in respect of reporting segments
Change
Recognition of a defined benefit pension gain following an inflation index change.
Change
Recognition of goodwill and tangible asset impairments.
Pronouncements
Adoption of a multi-column income statement format highlighting exceptional items.
Change
Extended disclosure in relation to key sources of estimation linked to contract and franchise accounting.

Mitchells & Butlers plc Monitor

Mitchells & Butlers plc Annual Report 2018
CR Monitor Issue: 
2019/0120
Company covered: 
Mitchells & Butlers plc
Period End: 
29 September, 2018
Report issued on 15 January 2019 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 15 "Revenues from contracts with customers", IFRS 9 "Financial instruments", and IFRS 16 "Leases".
Change
Discussion on a new key audit matter added in the auditor’s report.
Pronouncements
Presentation of a reconciliation of movements in net debt following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
New note added after acquisition of two associates.
Change
Disclosure of main risks linked to defined benefit pension scheme.
Change
Difference in number of reported weeks.