5300 Retail

J Sainsbury PLC Monitor

J Sainsbury PLC Annual Report Year
CR Monitor Issue: 
2018/1006
Company covered: 
J Sainsbury PLC
Period End: 
31 March, 2018
Report issued on 09 October 2018 covered the following practice issues:
Change
Inclusion of separate sections in the audit report discussing directors and auditors responsibilities and key audit matters.
Change
Net debt analysis extended to include a reconciliation of movements in liabilities arising from financing activities.
Change
Disclosure in respect of significant post balance sheet business combination.
Change
Extended dis-aggregation in respect of the disclosure of finance income and costs.
Restatement
Prior year business combination amounts finalised leads to an increase in goodwill.

Greggs PLC Monitor

Greggs PLC Annual Report 2017
CR Monitor Issue: 
2018/1009
Company covered: 
Greggs PLC
Period End: 
30 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Separate discussion of director and auditor responsibilities and key audit matters in the audit report.
Change
Disclosure of post balance sheet disposal of vacant site.
Change
Change in defined benefit pension liability after taking into account new assumption in respect of the commutation of benefits.
Change
Separate alternative performance measures section added.
Change
Change in disclosure of key management remuneration.

Inchcape plc Monitor

Inchcape plc Annual Report 2017
CR Monitor Issue: 
2018/0710
Company covered: 
Inchcape plc
Period End: 
31 December, 2017
Report issued on 29 June 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers” and IFRS 16 “Leases”.
Change
Discussion of key audit matters included in auditors' report.
Change
Prior year provisional business combination amounts finalised.
Restatement
Restatement of segmental information linked to business acquired.

Sports Direct International plc Monitor

Sports Direct International plc Annual Report 2017
CR Monitor Issue: 
2018/0205
Company covered: 
Sports Direct International plc
Period End: 
30 April, 2017
Report issued on 13 February 2018 covered the following practice issues:
Restatement
Segment reporting structure altered to show international retail business separately.
Change
Aggregate information disclosed in respect of immaterial business combinations.
Change
Profit on disposal of a subsidiary highlighted on the face of the income statement.
Change
Introduction of detailed disclosure in respect of related parties.
Change
Purchase of company strategic stakes disclosed in post balance sheet events note.
Change
Identification of "brexit" as a new principal risk factor.

Marks & Spencer group plc Monitor

Marks and spencer group plc Annual Report 2017
CR Monitor Issue: 
2018/0203
Company covered: 
Marks & Spencer Group plc
Period End: 
1 April, 2017
Report issued on 2 February 2018 covered the following practice issues:
Change
Identification of new principal risk factors relating to "talent & succession", "UK store estate", and "third party management".
Change
Auditors' report presentation enhanced by inclusion of audit approach summary.
Change
New key audit risk identified in respect of "Accounting for exit costs of certain wholly owned international businesses".
Change
Past service cost recognised on closure of defined benefit pension plan to future accrual.
Change
Disclosure of proposed changes to directors remuneration policy.

Kingfisher PLC Monitor

Kingfisher PLC Annual Report 2017
CR Monitor Issue: 
2018/0114
Company covered: 
Kingfisher PLC
Period End: 
31 January, 2017
Report issued on 30 January 2018 covered the following practice issues:
Pronouncements
Extended disclosure on the impacts of IFRS 15, IFRS 16 and IFRS 9.
Change
Auditors' report enhanced by inclusion of a tabular summary of the audit approach.
Change
Disclosure of non-GAAP measures extended to include underlying as well as adjusted measures.
Change
Reconciliation of movements in provisions shows release of an unused amount following changes to restructuring plans.
New
Fair value gains recycled from other comprehensive income form part of profit on disposal.
Restatement
Analysis of deferred tax assets and liabilities by type restated to reflect more appropriate allocation of balances.

J Sainsbury plc Monitor

J Sainsbury plc Annual Report 2017
CR Monitor Issue: 
2018/0115
Company covered: 
J Sainsbury plc
Period End: 
11 March, 2017
Report issued on 30 January 2018 covered the following practice issues:
New
Presentation of a detailed breakdown of provisional business combination fair values.
Pronouncements
Non-quantified disclosure of future impacts on adoption of IFRS 9, IFRS 15 and IFRS 16.
Change
Segment disclosures enhanced by inclusion of cash flow breakdown.
Change
Remuneration report includes disclosure of proposed changes in directors remuneration.
Change
Financial risk management disclosures enhanced by inclusion of analysis of maximum credit risk exposures.

Halfords Group plc Monitor

Halfords Group plc-Annual report-2017
CR Monitor Issue: 
2018/0109
Company covered: 
Halfords Group plc
Period End: 
31 March, 2017
Report issued on 16 January 2018 covered the following practice issues:
Change
Detailed disclosure of asset fair values recognised on acquisition including separate disclosure of intangible asset values.
Change
Presentation of audit report enhanced by inclusion of overview section and diagrams.
Change
Risk management disclosures enhanced by inclusion of risk matrix diagram and flow chart explaining risk management framework.
Change
Like for like sales identified as a new key performance indicator.
Change
Directors remuneration policy statement extended to explain impact of good leaver conditions on share based payment awards.

Carpetright plc Monitor

Carpetright plc Annual Report 2017
CR Monitor Issue: 
2018/0105
Company covered: 
Carpetright plc
Period End: 
29 April, 2017
Report issued on 9 January 2018 covered the following practice issues:
Change
Multi-column format income statement highlights underlying performance and separately reported items.
Pronouncements
Enhanced disclosure in respect of the future impacts of new accounting standards including IFRS 15, IFRS 16 and IFRS 9.
Pronouncements
Introduction of disclosure on Alternate Performance Measures.
Change
New principal risk identified in relation to business continuity planning.

Booker group plc Monitor

Booker group plc Annual Report 2017
CR Monitor Issue: 
2017/1106
Company covered: 
Booker group plc
Period End: 
24 March, 2017
Report issued on 14 November 2017 covered the following practice issues:
Pronouncements
Improved disclosures on new standards on Revenue from contracts with customers, financial instruments and leases.
Change
Disclosure of risks associated with defined benefit pension schemes.
New
Sensitivity analysis disclosed in respect of property provisions.
Change
Audit report enhanced by inclusion of overview section and diagrams in respect of audit scope and materiality.
Change
Cash flows linked to interest paid re-classified from operating activities to financing activities in the cash flow statement.